2023-08-01 11:38:19 Central bank purchases of gold fell for the third quarter in a row, as hefty sales from Turkey outpaced purchases elsewhere. Net such purchases fell 64% to 103 tons in the second quarter, according to a report issued by the World Gold Council, marking the lowest level in more than a year. The … Read more
2023-07-11 06:29:35 Xinhua News Agency, Beijing, July 10th Question: Two departments including the central bank extended two financial policies to provide continuous and stable support for real estate companies Xinhua News Agency reporter Wu Yu The People’s Bank of China and the State Administration of Financial Supervision issued a notice on the 10th to adjust … Read more
2023-06-12 04:29:28 People’s Bank of China The People’s Bank of China decided this morning, Monday, to set the exchange rate of the yuan against the US dollar at the level of 7.1212 yuan per dollar, and expectations were that it would record 7.1214 yuan, and the previous closing price for the yuan-dollar pair was 7.1285 … Read more
Outside the People’s Bank of China headquarters. (Source: Getty Images) The new loan in China grew stronger than expected to a record 4.9 trillion yuan ($720.21 billion) in January 2023, when People’s Bank of China (PBoC, central bank) efforts to revive the world’s second largest economy after lifting the strict control policy against the enemy. … Read more
SHANGHAI (Archyde.com) – The People’s Bank of China’s (PBOC) unexpectedly cut interest rates on Wednesday underscored the government’s dilemma. It is a composition that the authorities are trying to revive the economy by supplying abundant funds to the financial system, but consumer demand is still not picking up. The People’s Bank of China (PBOC) unexpectedly … Read more
□You Telford The People’s Bank of China recently announced that in the second quarter of 2022, the People’s Bank of China will impose economic penalties on 20 units and relevant responsible persons, including China Pacific Life Insurance Co., Ltd. Beijing Tongzhou Branch Company, which refuse to accept cash. ranging from RMB 190,000. The reporter combed … Read more
Reduce the cost of financing The move helps lower the cost of financing for banks, as monetary policymakers call on the financial sector to help the millions of companies struggling with shutdowns aimed at curbing the spread of the highly contagious mutated Omicron. The move could also pave the way for lowering the benchmark loan … Read more