Banks 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, 2021The cut, effective 15 December, will free up an estimated CNY 1.2 trillion in banking system liquidity to support the economy and reduce financing costs for businesses.
December 7, 2021Government officials have been dispatched to China Evergrande Group to form a risk management committee to oversee risk management and strengthen internal controls.
December 7, 2021The BSP proposes a 3 percent RRR for digital banks, aligning them with thrift lenders. A 7th licence will not be issued at the stage as previously planned.
October 11, 2021Market participants say that the earlier-than-expected RRR cut reflects policymakers' concerns that banks may be under stress and facing higher NPLs.
July 13, 2021