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People's Bank of China News

21 Jul 2022

Shocking! Tanks surround crisis-hit banks in China to scare protestors: Watch

The incident is reportedly related to the recent notification by the Bank of China's Henan branch. Army tanks hitting city roads serves as a sombre reminder of the terrible Tiananmen Square massacre that occurred on June 4, 1989.

24 Sep 2021

Bitcoin slips 7% on China’s latest crackdown on cryptocurrencies

People's Bank of China announced a fresh crakcdown on cryptocurrency trading. Bitcoin was last down 4.6% at $42,874 Moreover, Ether fell over 8% while XRP slipped 7%.

19 Aug 2020

People's Bank of China picks up stake in ICICI Bank via QIP issue

The People's Bank of China was among 357 institutional that subscribed to the issue. Other investors included domestic mutual funds, insurance companies and global institutions. The Chinese central bank has reportedly picked up shares worth Rs 15 crore in Rs 15,000 crore QIP issue.

12 Apr 2020

People's Bank of China increases stake in HDFC to over 1 per cent

The central bank of China currently has nearly 1.75 crore shares in HDFC during the quarter ended March, according to data submitted by the company at the BSE.

China mobile wallet

23 Nov 2017

Users opting mobile payments exceed 520 million in China

The combined value of mobile payments jumped 33.8 per cent to 39.2 trillion yuan (USD six trillion).

01 Oct 2017

Chinese investors bemoan Beijing's bitcoin crackdown

Bitcoin has also lured many ordinary Chinese attracted by the incredible surge in prices, a popularity that has generated "pyramid schemes and financial fraud", said Dong Ximiao, an economist at Peking University.

26 May 2017

China says considering tighter controls on yuan currency

10 Apr 2017

PBOC to skip open market operations for the 11th straight session

China`s central bank said it would skip open market operations on Monday, citing "relatively high" liquidity level in the banking system despite some impact from local government bond issuance.

07 Nov 2016

China's forex reserves drops to lowest since 2011

The world's largest currency hoard fell to USD 3.12 trillion last month, down USD 45.7 billion from September, marking the lowest level since March 2011, according to data from the People's Bank of China.

China forex reserve

07 Sep 2016

China's forex reserves fall $16 billion in August

China's foreign exchange reserves fell by some $16 billion dollars in August, officials said Wednesday, as the country`s central bank sold dollars to defend its currency against capital outflows.

07 Aug 2016

China's forex reserves down to $3.201 trillion in July

China's foreign exchange reserves, the highest in the world, dropped to USD 3.201 trillion at the end of last month, down from June's USD 3.205 trillion amid concerns over capital outflows.

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.

28 Jan 2016

China floods financial system with $52 billion to boost liquidity

China's central bank said Thursday it was funnelling 340 billion yuan (USD 52 billion) into the financial system, the second injection in three days to meet surging demand for funds ahead of the Lunar New Year holiday.

20 Jan 2016

China offers banks $91 billion ahead of holiday

China's central bank has pledged more than 600 billion yuan (USD 91 billion) in funding support for banks to provide sufficient liquidity around the traditional Chinese New Year, when demand for cash surges.

15 Jan 2016

China bank lending slides in December despite loosening

New loans extended by banks slid to 597.8 billion yuan (USD 91.1 billion) in December, against 708.9 billion yuan in November, the People's Bank of China said.

12 Nov 2015

China October bank lending halves on weak demand

China's bank lending nearly halved in October compared with the month before, the central bank said Thursday, reflecting lack of demand despite an interest rate cut aimed at boosting the flagging economy, the world's second-largest.

12 Nov 2015

China issues new 100 yuan note to stop forgery of currency

China Thursday issued a new 100 yuan banknote - the largest denomination of the currency available in the world's second-largest economy - with added golden touches and more security features that will be harder to counterfeit and easier for machines to read.

12 Aug 2015

China calls for ATM upgrade to handle new currency notes

The People's Bank of China (PBOC) said it will issue new 100-yuan bank notes starting November 12.

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.

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