News list for "People's Bank"
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.
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 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...
1. Pan Gongsheng: The People's Bank of China will resume the trading of open market government bonds. 2. The Federal Reserve's balance sheet reduction is coming to an end, and the money market shows signs of pressure. 3. Tonghe Technology: The application to issue convertible bonds to unspecified objects was accepted by the Shenzhen Stock Exchange. 4. In the first nine months of this year, foreign institutions handled cross-border bond transactions in Guangdong for nearly 400 billion, an increas...
Pan Gongsheng, governor of the People's Bank of China, said at the 2025 Financial Street Forum Annual Meeting today that in recent years, virtual currencies issued by market institutions, especially stablecoins, have been emerging, but...
On October 27th, the People's Bank of China launched 337.30 billion yuan 7-day reverse repurchase operation and 900 billion yuan MLF operation today. As 700 billion yuan 1-year medium-term lending facility (MLF) and 189 billion yuan 7-day reverse repurchase expired today, the net investment was 348.30 billion yuan on the same day. To see the flow of funds in the open market, go to "Database - Bank of China Data" to view > >
On October 18, 2025, the international monetary fund held the 52nd International Monetary and Financial Committee (IMFC) meeting in Washington, D.C., the United States. The meeting discussed the global economic and financial situation, the work of the IMF and other topics. Pan Gongsheng, Governor of the People's Bank of China, attended the meeting and delivered a speech. Pan Gongsheng pointed out that trade frictions and geopolitical uncertainties have dragged down world economic growth and weak...
