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Tag: PBOC

China\’s central bank adds liquidity via reverse repos, RRR cut

wangxiao02/05/20240

BEIJING, Feb. 5 (Xinhua) — China\’s central bank conducted 100 billion yuan (about 14 billion U.S. dollars) of 14-day reverse repos at an interest rate of 1.95 percent Monday.
The People\’s Bank of Chi

BOC Phnom Penh Branch authorized as RMB clearing bank

wangxiao12/27/20230

BEIJING, Dec. 11 (Xinhua) — China\’s central bank announced on Monday that it has authorized the Bank of China (BOC) Phnom Penh Branch to be the clearing bank for renminbi (RMB) business in Cambodia.

China sees growth in inclusive loans to small businesses

wangxiao09/29/20230

BEIJING, Sept. 29 (Xinhua) — The balance of China\’s inclusive loans to small and micro businesses stood at 27.8 trillion yuan (about 3.87 trillion U.S. dollars) at the end of August, the country\’s ce

China\’s yuan loans expand amid stable economic recovery

wangxiao09/12/20230

Photo taken on Oct. 19, 2020 shows an exterior view of the People\’s Bank of China in Beijing, capital of China. (Xinhua/Peng Ziyang)
BEIJING, Sept. 11 (Xinhua) — China\’s outstanding yuan-denominated

China\’s central bank pledges further support for private enterprises

wangxiao08/04/20230

Photo taken on Oct. 19, 2020 shows an exterior view of the People\’s Bank of China in Beijing, capital of China. (Xinhua/Peng Ziyang)
BEIJING, Aug. 3 (Xinhua) — The People\’s Bank of China (PBOC), the

PBOC official expects China\’s CPI close to 1 pct at year end

wangxiao07/14/20230

BEIJING, July 14 (Xinhua) — China\’s consumer price index (CPI) will see a U-shaped trajectory this year and will be close to 1 percent at the end of 2023, a central bank official said on Friday.
Liu

New PBOC Party chief \’well received\’

wangxiao07/03/20230

File photo shows an exterior view of the People\’s Bank of China in Beijing, capital of China. [Photo/Xinhua]
The appointment of Pan Gongsheng, deputy governor of the People\’s Bank of China, as Party s

China\’s central bank cuts medium-term lending rates

wangxiao06/15/20230

BEIJING, June 15 (Xinhua) — China\’s central bank cut the interest rate of its one-year medium-term lending facility (MLF) from 2.75 percent to 2.65 percent on Thursday, amid efforts to strengthen cou

China\’s central bank pledges targeted, effective monetary policy

wangxiao02/25/20230

BEIJING, Feb. 24 (Xinhua) — China\’s central bank on Friday pledged to make the prudent monetary policy targeted and effective to provide sustainable support to the real economy.In its fourth-quarter

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