News list for "Bank of China"
The People's Bank of China announced on December 15 that according to the Memorandum of Cooperation between the People's Bank of China and the Monetary Authority of Singapore, the People's Bank of China has decided to authorize DBS Bank Limited to serve as a RMB clearing bank in Singapore. The reporter learned that DBS Bank is the first local bank in Singapore to serve as a RMB clearing bank. The relevant person in charge of DBS Bank said that the approval of the RMB clearing bank qualification ...
The Party Committee of the People's Bank of China held a meeting, and the third point of the meeting notes pointed out: continue to implement moderately loose monetary policy and accelerate the structural reform of the financial supply side.
According to gold ten data reported that China's gold reserves at the end of November 74.12 million ounces (about 2305.39 tons), an increase of 30,000 ounces (about 0.93 tons), for the 13th consecutive month of gold holdings.
The People's Bank of China held a meeting on the coordination mechanism for combating speculation in virtual currency transactions. The meeting required all units to adhere to the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, fully implement the spirit of the 20th National Congress of the Communist Party of China and the 20th Plenary Session, take risk prevention and control as the eternal theme of financial work, continue to adhere to the prohibitive po...
On November 28, 2025, the People's Bank of China held a meeting on the coordination mechanism for combating speculation in virtual currency transactions. The meeting emphasized that virtual currencies do not have the same legal status as legal tender, do not have legal compensation, should not and cannot be used as currency in the market, and virtual currency-related business activities are illegal financial activities. Stablecoins are a form of virtual currency that cannot currently effectively...
The People's Bank of China: Implement a moderately loose monetary policy and strengthen the implementation and transmission of monetary policy.
On November 7th, the People's Bank of China launched a 7-day reverse repurchase operation of 141.70 billion yuan today, because 355.10 billion yuan 7-day reverse repurchase expired today, and a net refund of 213.40 billion yuan was achieved on the same day. This week, the People's Bank of China carried out a total of 495.80 billion yuan 7-day reverse repurchase operation. Because a total of 2.068 trillion yuan 7-day reverse repurchase expired this week, a net refund of 1.5722 trillion yuan was a...
On November 6th, the People's Bank of China launched a 7-day reverse repurchase operation of 92.80 billion yuan today. Because 342.60 billion yuan 7-day reverse repurchase expired today, a net refund of 249.80 billion yuan was achieved on the same day. To see the flow of funds in the open market, go to "Database - Bank of China Data" to view > >
On November 5th, the People's Bank of China launched a 7-day reverse repurchase operation of 65.50 billion yuan today. Because 557.70 billion yuan 7-day reverse repurchase expired today, a net refund of 492.20 billion yuan was achieved on the same day. To see the flow of funds in the open market, go to "Database - Bank of China Data" to view > >
On November 3, with the approval of the State Council, the People's Bank of China and the Bank of Korea recently renewed the bilateral local currency swap agreement. The swap scale is 400 billion yuan/70 trillion Korean won. The agreement has a valid period of five years and can be extended by mutual consent. The two sides renewed the bilateral local currency swap agreement again, which will help to further deepen the monetary and financial cooperation between the two countries, promote bilatera...
