Developers can use bank loans pledged against commercial properties to repay other loans and bonds and cover operating expenses until end 2024.
January 28, 2024All foreign institutional investors that have already conducted spot trading in the interbank bond market will be allowed to participate in the repo market.
January 26, 2024Securities firms are allowed to sell financial products directly via Wealth Connect and the individual investor quota has been tripled.
January 25, 2024Besides the 50bp RRR cut for banks, regulators pledged to bolster investment returns and incentivise SOEs to improve share price performance.
January 25, 2024Chinese banks securitised a record amount of bad loans in 2023 amid a property slump and economic slowdown.
January 19, 2024Along with more credit support, commercial banks are being encouraged to issue financial bonds for housing leasing, said a joint statement by PBOC and NFRA.
January 9, 2024The PBOC said it will continue to strengthen China's financial market to make it more standardised, transparent, open, dynamic and resilient.
January 8, 2024Some large Chinese banks are critically assessing small banks to identify those with poor asset quality and high risk of default.
January 4, 2024Cai Esheng took more than CNY 407 million in bribes before he retired in 2013, and a further CNY 110 million afterwards.
December 30, 2023The former head of the PBOC's monetary policy department helped others obtain confidential information in return for illicit payments worth CNY 21 million.
December 29, 2023