The cut will add about increase foreign currency liquidity, make it more appealing for traders to buy the yuan, and support the economic recovery.
September 6, 2022The measures includes ¥500bn in local government bond quotas, ¥300bn for infrastructure projects, and ¥200bn in bonds issued by state-owned power companies.
August 26, 2022The PBOC plans to offer special loans to financial institutions to help them increase lending to property developers.
August 23, 2022The Ministry of Finance strengthened rules around offshore investments, risk monitoring, and debt restructuring for "zombie enterprises".
August 11, 2022The PBOC plans to release standards for environmental information and carbon emissions disclosures, along with a roadmap for implementation.
August 4, 2022Crypto mining has continued in China despite a government ban on such activities since May 2021.
June 17, 2022Banks and insurers are instructed to have their green finance management systems and procedures in place by 1 June 2023.
June 6, 2022The campaign aims to resolve arrear payments due to SMEs for projects, goods and services purchased by government agencies, state-owned institutions and large enterprises.
May 23, 2022State Council-approved measures call on state-owned banks to increase lending and repayment flexibilities for MSMEs.
May 16, 2022Ping An, China Mobile, Ant Group, Dagong Credit Rating as well as asset managers and energy producers helped to develop the standards.
May 14, 2022