State media said the RRR cut reflects the Chinese government's "responsibility to the world" after it resisted following the US in raising interest rates.
March 20, 2023The BSP is considering lowering the RRR in exchange for banks waiving their fees on small transactions, as part of efforts to promote financial inclusion.
March 7, 2023The latest measures are being somewhat overshadowed by a new round of Covid-related lockdowns and protests in several Chinese cities.
November 28, 2022Digital banks must meet the same Basel III capital, liquidity and leverage requirements applicable to universal and commercial banks.
September 22, 2022Banks are asked to increase lending, delay loan repayments, defer overdue loan reclassification, and support infrastructure projects and property developers.
April 20, 2022The cut will free up an estimated CNY 530 billion in banking system liquidity to support the economy and keep financing costs stable.
April 18, 2022Banks are asked to support acquisitions of property development projects by healthy real estate companies, including by providing direct loans and facilitating bond issuance.
December 22, 2021The PBOC is providing banks with capital to lend to small businesses, and acting as an intermediary between lenders and property developers.
December 16, 2021The move will force Chinese banks to more foreign currency at the central bank, and help to contain the renminbi's appreciation.
December 14, 2021The lower relending rate is expected to reduce funding costs for small and medium-sized banks and incentivise them to make agricultural and small business loans.
December 9, 2021