People's Bank of China - updates

Rappler's latest stories on People's Bank of China


Fitch Ratings enters China's credit market

May 14, 2020 - 9:15 PM

The People's Bank of China says Fitch Bohua will be able to conduct ratings in China's interbank bond market, marking a further step in opening the industry

China releases $56 billion to banks in virus response

Apr 03, 2020 - 8:00 PM

The People's Bank of China aims to 'effectively increase stable funding sources' and help reduce the interest rates that enterprises are subject to

This photo taken on March 19, 2020 shows customers lining up to have their temperature taken before entering a bank in Yunmeng county, in Xiaogan City in China's central Hubei province. - China on March 19 marked a major milestone in its battle against the coronavirus pandemic as it recorded zero domestic infections for the first time since the outbreak emerged, but a spike in imported cases threatened its progress. (Photo by STR / AFP) / China OUT

China slashes rate, pumps $7 billion into market to counter virus

Mar 30, 2020 - 2:55 PM

The People's Bank of China launches more measures to counter the coronavirus pandemic's economic impact

OUT AND ABOUT. People wearing face masks as a preventive measure against COVID-19 visit the Yu Garden in Shanghai on March 23, 2020. Photo by Hector Retamal/AFP

China to cut banks' reserve requirement to combat virus fallout

Mar 13, 2020 - 7:15 PM

The People's Bank of China will reduce the amount of cash banks must hold, which would free up more funds for loans

OPTION. Investing in the yuan continues to be an option for the BSP, in line with its diversification policy to enhance the returns of international reserves, and to diversify the currency composition, BSP Governor Amando Tetangco Jr says. File photo from Agence France-Presse

China offers $43-billion boost to firms fighting novel coronavirus

Feb 09, 2020 - 10:25 PM

The People's Bank of China offers special funding in the battle against the novel coronavirus outbreak

A worker (L) wearing a protective suit carries a fogging machine as others prepare to disinfect a business establishment in Shanghai on February 9, 2020. - The new coronavirus that emerged in central China at the end of last year has killed more than 800 people and spread around the world. (Photo by NOEL CELIS / AFP)

Chinese central bank to pump $173 billion into economy in virus fight

Feb 02, 2020 - 6:20 PM

The People's Bank of China says it will maintain 'reasonable and abundant liquidity' in the banking system, as well as a stable currency market, during the novel coronavirus outbreak

RENMINBI. China says it will not devalue its currency. Photo from Shutterstock

When the ghosts start haunting us

Aug 31, 2015 - 4:30 PM

There is no correlation between the ghost month and the rise or fall of the stock market It was the meltdown of China triggering the massive sell offs

BLOODY RED. August 24, 2015 was bloody. The local equity market had its third largest one-day decline in the past decade