China central bank releases slate of support measures amid a deepening economic slump
People's Bank of China Governor Pan Gongsheng is set to speak to reporters Tuesday alongside two other financial regulator heads.
China central bank cuts medium-term loan rate
China's central bank lowered the cost of its medium-term loans to banks on Wednesday in a move consistent with broad policy easing measures announced a day earlier to shore up a flailing economy. The People's Bank of China (PBOC) said it cut the rate on 300 billion yuan ($42.
Is China’s central bank doing enough to revive its economy?
New stimulus measures are being introduced by China’s central bank to reduce interest rates on existing mortgages. Devina Gupta speaks to lead economist Betty Wang. Also, is fashion giant Shein benefiting from tax loopholes in the UK?
China’s central bank tries to save the economy—and the stockmarket
A s China’s economy has descended into deflation, the central bank’s lack of urgency has been a source of frustration. Officials at the People’s Bank of China (PBoC) at firs
China's central bank unveils most aggressive stimulus since pandemic
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 government's growth target, but analysts warned more fiscal help was vital to hit these goals.
Chinese central bank unveils economic stimulus package
China's central bank Tuesday cut mortgage interest rates, the minimum downpayment for homebuyers and said it would soon slash the size of the contingency cash buffer banks must keep on one side in a b
China's central bank goes big with monetary easing
The People's Bank of China unleashed a fusillade of measures aimed at arresting the nation's economic malaise Tuesday morning. Why it matters: The world's second-largest economy faces a popping property bubble,
Alibaba: Re-Rating Catalysts Finally Kick In
A major Chinese monetary policy update this week has given rise to a re-rating catalyst for Chinese stocks like Alibaba. Read ...
China’s Central Bank Chief Is Task Master Xi Couldn’t Let Retire
Pan Gongsheng was axed from the Communist Party’s inner web last year. Then a slew of economic problems hit and the ...
Mainland China stocks notch best day in four years, soar over 4% on PBOC policy easing
The People's Bank of China will hold a press conference at 9 a.m. local time after cutting a short-term lending rate.
Factbox-China Rolls Out Broad Rate Cuts and Other Stimulus to Spur Weak Economy
China's central bank will cut banks' reserve requirement ratio (RRR) by 50 basis points in the near future, freeing up about ...
China Cuts Interest Rates and Mortgage Down Payments
The country’s central bank also freed commercial banks to lend more money in a package of moves aimed at rekindling growth in ...
Barron's4d
China Puts a Band-Aid on Its Economy. It’s Still Missing the Real Problems.
Since taking the helm in July 2023, People’s Bank of China Gov.Pan Gongsheng had avoided giant stimulus bursts of the kind Beijing did amid the 2008-2009 global financial crisis. Pan favored ...
China unveils raft of measures to boost economy
China's central bank has unveiled a major package of measures aimed at reviving the country's flagging economy. People's Bank ...
The Chinese yuan surged to a 16-month high, but Beijing may not be happy about it
The US dollar to offshore Chinese yuan, or CNH rate fell to as low as 6.9951, the first time it breached the 7 per dollar ...
Xi’s Economic Adrenaline Shot Is Only Buying China a Little Time
First he took a sip of tea to gather his composure. Then Chinese central banker Pan Gongsheng unleashed one of the country’s ...
Voice of America5d
Some analysts say China's plan to boost housing market is 'too little, too late'
The heads of China's three major financial institutions — including Pan Gongsheng, the governor of the People's Bank of China; Li Yunze, the director of the National Financial Regulatory ...
Yahoo Finance6d
China Unleashes Stimulus Package to Revive Economy, Markets
For the nation’s stocks, Pan said the central bank will provide at least 800 billion yuan ($113 billion) of liquidity support, adding that officials were studying setting up a market ...
Property stocks in Hong Kong rally on mortgage stimulus
Hang Seng Mainland Properties Index surged as much as 5% after PBOC Gov. Pan Gongsheng announced several measures on Tuesday.