China central bank releases slate of support measures amid a …
WEB6 days ago · BEIJING — China will cut the amount of cash banks need to have on hand, known as the reserve requirement ratio, or RRR, by 50 basis points, People’s Bank of China Gov. Pan Gongsheng said during a...
China Cuts Interest Rates and Mortgage Down Payments
WEB5 days ago · The central bank, the People’s Bank of China, cut short-term interest rates and rates on existing mortgages, reduced minimum down payments for housing purchases, and freed the country’s...
China Unleashes Stimulus Package to Revive Economy, Markets - Bloomberg.com
WEB6 days ago · China’s central bank unveiled a broad package of monetary stimulus measures to revive the world’s second-largest economy, underscoring mounting alarm within Xi Jinping’s government over ...
China's central bank unveils most aggressive stimulus since …
WEB5 days ago · BEIJING, Sept 24 (Reuters) - China's central bank on Tuesday unveiled its biggest stimulus since the pandemic to pull the economy out of its deflationary funk and back towards the...
China unveils raft of stimulus measures to boost flagging …
WEBPeople's Bank of China (PBOC) Governor Pan Gongsheng announced plans to lower borrowing costs and allow banks to increase their lending. The move comes after a series of disappointing...
China cuts rates, rolls out other moves to help the slowing economy
WEB5 days ago · People’s Bank of China Gov. Pan Gongsheng told reporters in Beijing that the reserve requirement for banks would be cut by 0.5 percentage points “in the near term,” and that the central bank would follow up with further cuts. …
China unleashes stimulus blitz to lift growth - Financial Times
WEB5 days ago · In a rare public briefing on Tuesday, the People’s Bank of China also announced government funding to boost the stock market and aid share buybacks, as well as more support for the...
People's Bank of China - The New York Times
WEBNews about People's Bank of China. Commentary and archival information about People's Bank of China from The New York Times.
Instant view: China central bank acts to support markets, economy
WEBJan 24, 2024 · The People's Bank of China (PBOC) would cut the reserve requirement ratio (RRR) for all banks by 50 basis points (bps), thereby freeing up 1 trillion yuan ($139.45 billion) to the market.
Pan Gongsheng Named Head of Chinese Central Bank - The New York Times
WEBJul 25, 2023 · Mr. Pan, a prominent economist, was named on Tuesday as governor of the central bank, the People’s Bank of China. He had already been installed as the bank’s Communist Party secretary on July 1.