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China's central bank News

China's central bank

12 Aug 2016

World Bank to issue SDR bonds in China

China's central bank today permitted a division of the World Bank to issue bonds denominated in special drawing rights (SDR) in the country's interbank bond market.

14 Apr 2016

China lowers yuan rate by most in three months

China's central bank cut its currency exchange rate against the dollar by the largest amount in three months Thursday as the greenback strengthened on improved Chinese trade data.

12 Mar 2016

IMF sees little room for dramatic depreciation of yuan

China's central bank has devalued the yuan by 0.51 percent to 6.56 percent against the dollar, the lowest since March 2011.

China's central bank

21 Feb 2016

China's central bank pumps-in USD 25 bln to boost liquidity

China's central bank has injected a whopping 163 billion yuan into 20 financial institutions to ease liquidity strain in the world's second largest economy, currently witnessing sluggish growth.

China's central bank

14 Feb 2016

China central bank boss: No reason for yuan to fall further

China's central bank chief has blamed foreign speculators in part for volatility in the yuan and said there is no basis for further depreciation, according to an interview in Caixin magazine.

China's central bank

24 Oct 2015

China bank cuts interest rates by 0.25 percentage points to spur economy

The People's Bank of China has cut interest rates to boost the economy. China's GDP growth in the third quarter expanded by only 6.9 percent, lower than the government's annual target of 7 percent.

China's central bank

23 Oct 2015

China cuts rates again as growth engine stalls

China's central bank cut interest rates on Friday for the sixth time in less than a year, and it again lowered the amount of cash that banks must hold as reserves in a bid to jump start growth in its stuttering economy.

10 Aug 2015

China to issue new 100 yuan note with more security features

China's central bank, the People's Bank of China (PBOC), Monday said it will start issuing a new 100-yuan bank note from November 12 that will be harder to counterfeit and easier for machines to read.

17 Jul 2015

China's gold reserve zooms nearly 60% in six years

China's gold reserves touched a record 1,658 tonnes by June, 2015, zooming nearly 60 percent since April 2009, the central bank of the world's largest gold producer said Friday.

03 Jul 2015

China's services activity slows to 5-month low

Activity in China`s services sector slowed to its lowest in five months in June, a private survey showed on Friday, suggesting the economy still needs further policy support despite some signs of steadying.

27 Jun 2015

China cuts interest rates again to support economy

China's central bank cut its benchmark lending rates by 25 basis points to 4.85 percent on Saturday, the fourth reduction since November, as it gears up to lower borrowing costs and support a slowing economy.

11 May 2015

Asia shares mostly up after US jobs report, China rate cut

Shanghai jumped 3.04%, or 127.66 points, to 4,333.58 and Hong Kong added 0.51, or 140.86 points, to close at 27,718.20.

10 May 2015

China cuts interest rates for 3rd time in six months to revive economy

China cut interest rates for the third time in six months on Sunday in a bid to lower companies` borrowing costs and stoke a sputtering economy that is headed for its worst year in a quarter of a century.

01 Jan 2015

China's December manufacturing growth at lowest in 2014

China's manufacturing growth dropped in December to its lowest level of 2014, an official survey showed Thursday, as the sector struggles with weak domestic demand.

15 Dec 2014

'China's economic growth may slow to 7.1% in 2015'

China`s economic growth could slow to 7.1 percent in 2015 from an expected 7.4 percent this year, held back by a sagging property sector, the central bank said in research report seen by Reuters on Sunday.

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