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Chinese banks report net forex purchase

Chinese banks report net forex purchase

2022-01-21 16:13

BEIJING, Jan. 21 (Xinhua) -- Chinese banks saw a net foreign exchange purchase in 2021 as the yuans exchange rate remained generally stable and the cross-border capital flows were maintained in a reasonable and orderly manner. Chinese lenders bought

China cuts benchmark lending rate to shore up growth

China cuts benchmark lending rate to shore up growth

2022-01-20 15:06

China on Thursday cut the market-based benchmark lending rate, in line with market expectations.

China cuts benchmark lending rate LPR

China cuts benchmark lending rate LPR

2022-01-20 10:41

BEIJING, Jan. 20 (Xinhua) -- China on Thursday cut the market-based benchmark lending rate in a bid to shore up growth. The one-year loan prime rate (LPR) came in at 3.7 percent Thursday, down from 3.8 percent a month earlier, according to the Nation

China cuts benchmark lending rate LPR

China cuts benchmark lending rate LPR

2022-01-20 09:31

China on Thursday cut the market-based benchmark lending rate in a bid to shore up growth.

Chinas charitable trust industry sees rapid growth in 2021

China's charitable trust industry sees rapid growth in 2021

2022-01-19 09:52

China's charitable trust industry saw a rapid increase last year as its property size grew by 32.48 percent from a year earlier.

Chinas central bank conducts 100 bln yuan of reverse repos

China's central bank conducts 100 bln yuan of reverse repos

2022-01-18 10:47

BEIJING, Jan. 18 (Xinhua) -- Chinas central bank Tuesday conducted 100 billion yuan (15.7 billion U.S. dollars) of reverse repos to maintain liquidity in the banking system. The interest rate for the seven-day reverse repos was set at 2.1 percent, ac

Chinas overnight Shibor interbank rate lower Monday

China's overnight Shibor interbank rate lower Monday

2022-01-17 14:09

BEIJING, Jan. 17 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of Chinas interbank market, lost 9.6 basis points to 2.113 percent Monday. The seven-day rate went down 3 basis points to 2.183 per

China Development Bank receives first funds through carbon reduction tool

China Development Bank receives first funds through carbon reduction tool

2022-01-14 10:53

BEIJING, Jan. 14 (Xinhua) -- The China Development Bank has received 10.267 billion yuan (about 1.62 billion U.S. dollars) of funds from the Peoples Bank of China, the countrys central bank, through a supporting tool for carbon reduction. The tool wa

Chinas central bank conducts 10 bln yuan of reverse repos

China's central bank conducts 10 bln yuan of reverse repos

2022-01-14 10:52

BEIJING, Jan. 14 (Xinhua) -- Chinas central bank Friday conducted 10 billion yuan (1.57 billion U.S. dollars) of reverse repos to maintain liquidity in the banking system. The interest rate for the seven-day reverse repos was set at 2.2 percent, acco

Chinas new yuan loans rise in 2021

China's new yuan loans rise in 2021

2022-01-13 09:56

BEIJING, Jan. 13 (Xinhua) -- Chinas new yuan-denominated loans totaled 19.95 trillion yuan (3.13 trillion U.S. dollars) in 2021, up 315 billion yuan year on year, central bank data showed Wednesday. In December alone, new yuan loans stood at 1.13 tri

Chinas overnight Shibor interbank rate up Monday

China's overnight Shibor interbank rate up Monday

2022-01-10 11:34

BEIJING, Jan. 10 (Xinhua) -- The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of Chinas interbank market, gained 3.9 basis points to 1.878 percent Monday. The seven-day rate went down 1 basis point to 2.093 pe

Chinas central bank conducts 10 bln yuan of reverse repos

China's central bank conducts 10 bln yuan of reverse repos

2022-01-06 15:46

BEIJING, Jan. 6 (Xinhua) -- Chinas central bank on Thursday injected 10 billion yuan (about 1.57 billion U.S. dollars) into the financial system via reverse repos. The interest rate for the seven-day reverse repos was set at 2.2 percent, according to

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