The PBOC will pay banks 2 percent of the incremental balance of inclusive small and micro loans, up from 1 percent previously.
June 8, 2022Defaults in the thermal power, steel and cement sectors may increase if companies in those sectors do not shift to low-carbon alternatives.
February 28, 2022Eligible collateral will include RMB, USD and EUR debt securities issued offshore by local governments at various levels in Mainland China.
October 1, 2021The pilot could mark a significant revamp in how bond issuance is carried out in China, and is seen as another step by the government to attract foreign capital.
May 4, 2021Eligible collateral will include RMB, USD and EUR debt securities issued offshore by China's central bank, Ministry of Finance or policy banks.
November 21, 2020The government will act as a subordinate investor, meaning that it (namely, taxpayers) will absorb up to 10 percent of any possible losses first.
September 7, 2020Banks can forgo suitability assessments and audio recordings when distributing low-risk, non-complex retail tranches of Hong Kong or Mainland government bonds.
August 3, 2020The central bank is working on financial aid packages for the sectors directly affected by Covid-19, on top of the 1.9bn won package already announced by the government to aid SMEs and small merchants.
February 17, 2020Funding will be provided through policy banks to help SMEs, small merchants, and self-employed business owners address financing challenges amid the coronavirus outbreak.
February 10, 2020The bank's former chairman is said to have channelled bribes to a party official from the now-missing former chairman of a conglomerate, CEFC China Energy.
August 1, 2019