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People’s Bank of China (PBOC)

Chinese homebuyers gather at a property showroom in Shenzhen’s Nanshan district on October 3, 2024. Photo: Yulu Ao

Golden week: China’s property market gets boost from Beijing’s stimulus measures

Strong sales in Shenzhen during the week-long holiday reflect the impact of recent wide-ranging stimulus measures rolled out by Beijing.

Explainer | What are the unconventional tools that will bolster China’s stock markets?

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Opinion | China must still bring out the big guns to revitalise its economy

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The View | China’s latest stimulus measures still don’t go far enough

Mortgage rate cuts and reserve requirement reductions may provide short-term relief but they are no substitutes for boosting domestic demand.

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A woman shops at a supermarket in Beijing, on August 9. To rebalance China’s economy, a greater share of national income must be transferred to the household sector. Photo: EPA-EFE

China’s premier urges swift action as stimulus package sets markets ablaze

After last week’s stimulus policies – and subsequent market frenzy – China’s premier has reiterated time is of the essence for fast recovery.

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China’s bazooka offers no quick fix for housing market amid broken confidence

Fitch analyst sees more support measures next quarter to ensure Beijing’s latest stimulus bazooka achieves its aims.

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Alibaba looks on course for a turnaround amid investor frenzy for Chinese stocks

The renewed positive market sentiment for Alibaba reflects its resilience after struggling in recent years.

Alibaba is among a number of Chinese tech stocks that received a boost this week, following Beijing’s surprise market-support measures. Photo: Shutterstock

Beijing stimulus likely to make riskier Chinese assets look better to investors

Investors are reacting favourably to a hefty stimulus package from Beijing and they are likely to take on greater risks with Chinese assets.

China weighs injecting US$142 billion of capital into top banks

Funding for the first such intervention since the 2008 financial crisis would mainly come from new special sovereign bonds, sources say.

China’s mortgage cut still insufficient to move the needle, boost spending

Raft of policy and interest rate changes were unveiled on Tuesday as China’s policymakers sought revive the world’s second-largest economy.

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Pedestrians outside a Miniso Group store in the Wangfujing shopping area in Beijing. Photo: Bloomberg

Banks may become collateral damage of China’s policy bazooka

Banks’ net interest margins may be reduced by a fifth of a percentage point, according to an estimate by S&P Global Ratings.

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A investor monitors stock prices at a securities company in Hangzhou in China’s eastern Zhejiang province on October 18, 2018. Contrary to global convention, China represents losses and declines in green, and uses red to illustrate gains and profits. Photo: AFP

China’s yuan continues upward climb after Beijing’s stimulus roll-out

The yuan reached its highest level in over a year on Wednesday following interest rate cuts and new measures from China’s central bank.

Explainer | 7 takeaways from China’s most significant stimulus package since the pandemic

High-ranking Chinese officials, led by People’s Bank of China governor Pan Gongsheng, unveil a slew of policies to boost world’s second-largest economy.

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China fires policy bazooka to boost economy, led by mortgage-rate cut, property

Rate cut, support to the acquisition of real estate companies’ land banks and new tools to boost capital markets among measures rolled out on Tuesday.

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Mainly dragged by a prolonged property crisis, China’s economy has yet to show an obvious rebound in growth. Photo: EPA-EFE

When will China respond to Fed rate cut as economic problems mount?

US Federal Reserve expected to lower its benchmark borrowing rate, which could give China room to ease.

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Markets widely expect the US central bank to lower its benchmark borrowing rate on Wednesday. Photo: AP

Ant Group to hold new round of dividend payments to shareholders

This would mark the third round of dividend payments by Ant Group, following two previous rounds in December and March 2022.

Explainer | What 3 changes has China’s central bank made amid monetary policy reshuffle?

China’s central bank has conducted at least three large monetary adjustments since Pan Gongsheng was named People’s Bank of China governor in July 2023.

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State-owned banks face thinner margins amid Beijing’s call to support economy

At a time when the country faces unprecedented challenges, these state-owned banking giants show their importance as the economy’s lifeline.

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An advertisement displaying the interest rate for loans at a branch of the Industrial and Commercial Bank of China in Chengdu, capital of southwestern Sichuan province. Photo: Bloomberg

China’s central bank enters treasury bond market with 100-billion-yuan net buy

In a highly anticipated move, the People’s Bank of China has conducted its first open-market trade for treasury bonds in nearly two decades.

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China to push supportive monetary policy as risks ease: central bank chief

PBOC governor Pan Gongsheng says local debt has fallen and number of high-risk small and medium banks has ‘nearly halved’ from peak.

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US, China seek to ‘strengthen’ cooperation in times of financial stress

Financial Working Group met in Shanghai last week, with officials from China and the US discussing a wide range of issues over two days.

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Senior finance officials from China and the United States held in Shanghai. Photo: People’s Bank of China

Editorial | Further fiscal easing is on the horizon but it will be measured

Beijing is showing patience in gradually correcting its structural problems rather than unleashing sweeping stimulus that may only backfire.

The governor of the People’s Bank of China, Pan Gongsheng, said it will plan additional measures as required by the government. Photo: Bloomberg

Macroscope | China’s overheated government bond market is the least of its worries

Concerns about the sovereign debt market shouldn’t be related to threats to financial stability but the risk of a more severe economic downturn.

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Explainer | Why China’s risky bond rally has put PBOC on the offensive

The 10-year government bond yield tanked to a record low as wary investors and financial institutions snatched them up at an unprecedented rate, desperate for safe-haven investments.

China’s central bank wary of bond bonanza as talk of secondary trade continues

The People’s Bank of China remains open to taking part in the secondary bond trade, but warned of several potential risk areas it said would warrant close attention.

The People’s Bank of China, the country’s central bank, has warned of potential risk areas in the bond market as it mulls stepping up its activity. Photo: AFP

As bond rally takes toll, China names and shames state-backed rural banks

The central bank is seen trying to counteract forces suppressing Chinese bond yields. But in the absence of monetary tightening, a ‘short-term pause’ to the rally may be the best outcome.

An affiliate of the People’s Bank of China (pictured) has announced a self-disciplinary investigation into four rural commercial banks. Photo: Bloomberg

Hong Kong signs agreement with PBOC to enhance Faster Payment System

The Hong Kong Monetary Authority has signed an agreement with the Chinese central bank to promote cross-border linkages for fast payment systems, including a proposed increase in the remittance cap.

Rate cuts and bond support as China moves ‘on a path to easing’

China cuts one-year medium-term lending facility and allocates 300 billion yuan (US$41.3 billion) in ultra-long-term treasury bonds on Thursday.

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People’s Bank of China (PBOC)
The People’s Bank of China (PBOC) is the central bank of mainland China. It is responsible for carrying out monetary policy and regulation of financial institutions, including setting interest rates.
Industry
Banking
Website
pbc.gov.cn
Headquarters address
No. 32, Financial Street, Xicheng District, Beijing 100820, China
Year founded
1948
last updated:
30 September, 2024
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