The central bank proposes to halve reserve requirements for banks that assist it in restructuring ailing credit institutions.
February 20, 2019Chinese yuan reached its lowest level since end-May 2017 amid growing economic uncertainty and trade war concerns, prompting the PBOC to defend the currency by making it more costly to bet on weakness.
August 6, 2018Cabinet extends VAT exemption three more years for small firms, cuts reserve requirement at banks, commits to increasing financing options; PBOC reforms medium term lending facility to increase funding for SMEs.
June 4, 2018