China central bank sells cash deposits at record low, more easing seenChina's commercial lenders have lowered interest rates on yuan deposits in June, a move that eases pressure on borrowing costs, providing s...
24 Jul, 2023, 09.34 AM IST
China central bank says it will keep liquidity reasonably ample in 2023The People's Bank of China will step up financing support to spur domestic demand and support a stable real estate market, its statement re...
04 Jan, 2023, 08.04 PM IST
China banks vow to repay more customers after protestsFour banks in Henan province froze cash withdrawals in mid-April as regulators scrutinised alleged mismanagement, leaving billions of yuan ...
19 Jul, 2022, 12.21 AM IST
China tightens control to restrain currency's riseChina's central bank is trying to restrain the rise of the yuan after the currency hit a 2 1/2-year high against the dollar. Commercial ban...
09 Dec, 2021, 06.43 PM IST
China's banks are bursting with dollars, and that's a worryBoosted by surging export receipts and investment flows, the value of foreign cash deposits in China's banks leapt above $1 trillion for th...
02 Jun, 2021, 08.36 AM IST
China pumps $109 billion into economy as trade war against US bites on growthChina has cut deposit rates to enable banks to release 1.2 trillion-yuan cash for additional lending
07 Oct, 2018, 06.06 PM IST
China signals change of course on its currency policyFor the first time in an annual government report, China included the requirement to ensure the stable global status of yuan as one of its ...
06 Mar, 2017, 02.02 PM IST
Goldman warns China’s outflows may be worse than they lookYuan deposits in Hong Kong dwindled to a three-year low of 653 billion yuan in August, indicating some of the inflows are being used to buy...
11 Oct, 2016, 02.32 PM IST
China to start implementing RRR for some banks in offshore yuan market: PBOCChina will start implementing a reserve requirement ratio on some banks involved in the offshore yuan market.
18 Jan, 2016, 12.38 PM IST
China eases restrictions on branch openings and yuan transactions by foreign banksChina will drop from Jan 1 the requirement that a foreign bank's parent transfer a specific level of operating funds to any new Chinese bra...
22 Dec, 2014, 04.55 AM IST
- Hong Kong banks' yuan strategy looks bad for earnings
Deposits in the Chinese currency have grown to about $100 bn from almost nothing two years ago, since the rules on China's currency were re...
11 Oct, 2011, 02.02 PM IST
- China raises RRR for banks for seventh time to curb inflation
China has increased the bank reserve requirement ratio for the seventh time in the recent months to curb inflation.
15 Jan, 2011, 06.42 PM IST
- China may be on cusp of a 'big bang' financial reform
China allows foreign investors increased access to its domestic capital markets, according to Nomura Holdings.
19 Aug, 2010, 04.00 AM IST
- Asia's largest iron ore deposit discovered in China
Geologists have discovered 'Asia's largest' iron ore deposit in northeast China's Liaoning province, with an estimated reserve of more than...
25 Jun, 2009, 04.45 PM IST
- China mutual fund industry nearly quadruples in 2007
China's mutual fund industry nearly quadrupled in 2007 as millions of investors rushed to convert their bank deposits for higher returns in...
03 Jan, 2008, 10.46 AM IST
- China lets yuan rise faster before Paulson meeting
China’s government increased the amount its currency can appreciate, raised interest rates and curbed bank loans to tame a runaway economy ...
19 May, 2007, 03.10 AM IST
- China's money supply up 17% in April, tops target
China’s money supply growth exceeded the government target for a third month and lending accelerated, adding pressure on the central bank t...
14 May, 2007, 02.14 AM IST