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China extends repayment of 1.3-trln-yuan SME loans

China extends repayment of 1.3-trln-yuan SME loans

2020-06-04 09:55

Extended the repayment of principal and interest on loans of 1.3 trillion yuan for small business from January 25 to May 15.

Chinas LPR reform yields fruitful results: central bank

China's LPR reform yields fruitful results: central bank

2020-06-02 09:34

China's LPR reform has improved independent pricing capabilities of financial institutions and the transmission efficiency of market interest rates.

China to keep closer eye on financial risks amid pandemic challenges: PBOC

China to keep closer eye on financial risks amid pandemic challenges: PBOC

2020-06-01 11:19

The country will double down on non-performing loans with multi-pronged measures as it seeks to dispose of financial risks, said the meeting.

Chinas insurance sector raises 16.6 trn yuan for real economy

China's insurance sector raises 16.6 trn yuan for real economy

2020-06-01 11:17

China's insurance sector has raised 16.6 trillion yuan (about 2.33 trillion U.S. dollars) for the real economy by the end of the first quarter (Q1).

ICBCs outstanding loans up 50 pct in Q1

ICBC's outstanding loans up 50 pct in Q1

2020-05-29 13:16

ICBC saw its inclusive loan balance rise 50 percent year on year in the first quarter to help smaller businesses tide over difficulties.

China to unveil new financial reform measures

China to unveil new financial reform measures

2020-05-28 01:00

China will introduce 11 financial reform measures in the near future.

PBOC to increase counter-cyclical adjustments, help lower lending rates

PBOC to increase counter-cyclical adjustments, help lower lending rates

2020-05-26 19:53

PBOC will increase counter-cyclical adjustments, further deepen the reform of the loan prime rates and push for lower real lending rates.

No timetable to launch digital currency: China central bank governor

No timetable to launch digital currency: China central bank governor

2020-05-26 19:38

There is no timetable for the launch of a digital currency despite progress in its research and development (R&D) and pilot testing.

RRR for financial institutions drops to 9.4 pct: central bank

RRR for financial institutions drops to 9.4 pct: central bank

2020-05-26 14:17

The average reserve requirement ratio for financial institutions stood at 9.4 percent on May 15, down 5.2 percentage points from the beginning of 2018

China Development Bank ups financial support for Greater Bay Area

China Development Bank ups financial support for Greater Bay Area

2020-05-26 13:51

China Development Bank (CDB) will provide 360 billion yuan of financing support to the Guangdong-Hong Kong-Macao Greater Bay Area in 2020.

China moves to further lower financing costs for enterprises

China moves to further lower financing costs for enterprises

2020-05-26 00:42

Chinese authorities have unveiled a guideline to further reduce financing costs for enterprises.

Total assets of foreign banks, insurers in China top 5 trillion yuan

Total assets of foreign banks, insurers in China top 5 trillion yuan

2020-05-25 20:12

Total assets of foreign banks and insurers in China had exceeded 5 trillion yuan (about 702.2 billion U.S. dollars).

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