People’s Bank of China (PBoC)
Chinese prosecutors charge ex-PBoC official with taking bribes
Central bank fired deputy governor Fan Yifei in December
US and China set up economics and finance working groups
Officials will report to US Treasury Secretary Janet Yellen and Chinese vice-premier He Lifeng
PBoC holds key lending rates
Central bank official says data shows recent easing measures are taking effect
Chinese police detain financial firm’s staff
Move came after property giant Evergrande’s financial arm missed payments for investment products
PBoC cuts reserve requirement ratio but holds policy rate
Data shows some improvement in demand but continuing property sector problems
PBoC developing interoperable QR codes for digital yuan
Digital yuan to be available in all retail scenarios and in wholesale securities markets
Kazakhstan joins mBridge project
NBK joins cross-border CBDC project as an observer
China to ease mortgage rules and cut banks’ FX reserve ratio
Moves come on top of authorities’ recent support measures for property sector and stock market
PBoC pledges more financial support for private firms
Governor Pan Gongsheng says authorities need to unblock funding channels for private firms
People: July to September 2023
A round-up of central bankers in the news and on the move during the past three months
China rolls out more support for property sector and stock market
Authorities cut stamp duty on stock trades for first time since 2008 and relax home-buying rules
PBoC delivers smaller rate cut than expected
Move signals banks are under strain due to falling interest margins, analysts say
PBoC bolsters support for renminbi
Central bank pledges intervention to prevent excessive currency moves
PBoC cuts key rates as economy stutters
China stops publishing youth jobless rate after record-high figure in June
China’s new lending slumps to lowest since 2009
Analysts believe PBoC has limited room to cut interest rates amid current yuan weakness
China slips into deflation
Risk of Japan-style deflation exists but can be avoided, analyst says
Pan Gongsheng named as PBoC governor
Veteran banking regulator replaces Yi Gang as Chinese economy faces growing challenges
Digital yuan transactions growing rapidly, PBoC says
But Yi Gang notes prototype CBDC currently takes up a very small share of cash in circulation
‘Disgraced’ former Chinese regulator becomes PBoC adviser
Liu Shiyu was accused of violating party discipline and taking advantage of his official position in 2019
PBoC steps up support for yuan
Chinese central bank eases limit on firms’ overseas borrowing and keeps key rates unchanged
PBoC holds key rate amid lacklustre GDP growth
Chinese economy grew 6.3% in second quarter, missing expectations by a full percentage point
PBoC extends relief measures for struggling developers
Developers are allowed loan repayment extensions by another full year
Chinese regulators impose fines on Ant Group and Tenpay
Regulators’ priorities have now shifted to “normalised supervision” of platform companies
PBoC eyes further opening of onshore repo for foreign investors
Chinese central bank gives first official signal it is looking at Swap Connect-style scheme for repo