All posts tagged "PBOC"
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209ChinaChina Launches Upgraded Credit Reference System
The new system covers 5 years of financial records, compared to 2 previously, including information on borrowers' employment status, co-borrowing records, and utility payment history.
January 20, 2020 -
286ChinaTrade Deal to Enable Early Entry of US Firms to China
Under the agreement, the December timeline for China's removal of foreign ownership limits in the securities sector is brought forward to April.
January 16, 2020 -
232ChinaAmex Closer to Entering China Bank Card Market – Report
The latest approval comes over two years after Amex was approved to start preparing a joint venture business with local partner LianLian.
January 13, 2020 -
311ChinaPBOC Sets Out Policy Priorities for Year Ahead
The PBOC has announced key policies and tasks for 2020, following an annual work conference held last week in Beijing.
January 10, 2020 -
199China
PBOC Reverses No Interest Policy for Payments Companies – Report
The PBOC will pay just 0.35% annually on customer money that payments firms hold with the central bank, but the move marks a reversal of an earlier decision to pay no interest.
January 10, 2020 -
945China
China to Enhance Regulatory System for Fintech Development
The PBOC is looking to enhance its digital supervision capabilities and improve risk governance in fintech development across the financial sector.
January 9, 2020 -
201ChinaCFETS to Launch Interest Rate Options Pilot in February
Market participants must demonstrate adequate internal operating procedures and risk management systems are in place, and apply by 7 February to become interest rate option market trading members.
January 7, 2020 -
228China
PBOC Issues Clarification on Transfer of Defaulted Interbank Bonds on Maturity
The PBOC has issued an announcement clarifying how defaulted bonds should bThe announcement is aimed at improving the disposal mechanism for interbank bonds that have defaulted on maturity or have matured early due to legal reasons such as bankruptcy.e handled...
January 7, 2020 -
262Capital Regulation
PBOC Announces First Reserve Requirement Cut of 2020
The RRR cut will release about 800bn yuan of 'long-term funds' for financial institutions to lend to the real economy.
January 3, 2020 -
492China
China to Move All Floating-Rate Loans to LPR by August
Banks and borrowers have until 31 August to renegotiate new contracts to convert existing floating-rate loans to either an LPR-based loan or a fixed interest rate.
January 2, 2020
