All posts tagged "PBOC"
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241ChinaPBOC Approves Development of ‘Standardised Notes’
Standardised notes are tradable beneficiary certificates backed by a pool of commercial paper or bankers’ acceptances with similar maturities.
August 20, 2019 -
149China
PBOC Reforms Interest Rate Setting Mechanism
The new market-oriented mechanism for calculating the Loan Prime Rate is expected to lower the cost of borrowing nationwide.
August 19, 2019 -
198ChinaShanghai to Allow Multinational Firm Employees to Trade A-Shares
The initiative is aimed at encouraging more multinational companies to set up their regional headquarters in Shanghai, which seeks status as a global financial centre.
August 15, 2019 -
293China
China Almost Ready to Release Central Bank Digital Currency
PBOC deputy director for payments Mu Chungchun said the new digital currency and electronic payment system that would not rely entirely on blockchain.
August 13, 2019 -
620ChinaOpening Up China’s Futures Market: A Consistent Message
Since the start of this year, Chinese regulators have been consistent about a plan to opening up the futures market to foreign investors.
August 13, 2019 -
508Capital RegulationChina Intervenes to Support a Third Troubled Bank
China’s sovereign wealth fund and the Shandong provincial government will invest in Hengfeng Bank, which failed to disclose its financial statements for two straight years.
August 12, 2019 -
369China
China Allows Banks to Trade Bonds Via Stock Exchanges
Currently, Chinese banks mostly trade bonds only in the interbank market. The move will increase their allowed scope for bond investments and improve the real economy’s access to financing.
August 8, 2019 -
477Capital RegulationChina to Support Banks that Swap Corporate Debt for Equity
The new measures encourage banks to set up subsidiaries to invest in debt-for-equity swaps, helping them to offload distressed debt and ease rising NPL pressures.
August 1, 2019 -
646Capital RegulationICBC, Cinda, Great Wall to Restructure Troubled Bank of Jinzhou
An ICBC unit will invest up to 3 billion yuan for a more than 10% stake in Bank of Jinzhou, whose auditor quit in May citing loan inconsistencies.
July 29, 2019 -
517Capital Regulation
PBOC Issues Draft Rules for Financial Holding Companies
Financial holding companies controlled by non-financial enterprises that meet certain conditions will be supervised by the PBOC, with licences issued by the State Council.
July 29, 2019
