people's bank of china : Chinatopix

Home > people's bank of china

people's bank of china

China Strengthens Anti-Money Laundering Regulations

Feb 27, 2017 05:10 PM EST

As China further strengthens its anti-money laundering regulations, authorities have committed to increasing coordination among themselves as they go after underground banks that are conducting illegal operations.

The drop in the value succeeded the meteoric increase in the value of the currency in the past two weeks.

China Warning Causes Bitcoin Value to Plummet

S. Rina |

Jan 09, 2017 09:25 AM EST

Bitcoin showed a deep plunge in its value as Chinese central bank raised concerns about the use of cryptocurrency. The drop in the value succeeded the meteoric increase in the value of the currency in the past two weeks.

China’s economy showed 6.7 percent growth rate in the third quarter of the previous year.

China Central Bank Advisor Recommends Dynamic Growth Target for 2017

S. Rina |

Jan 02, 2017 05:24 PM EST

A Chinese central bank advisor has called for setting a flexible growth target for 2017. China's economy showed 6.7 percent growth rate in the third quarter of the previous year. The economy is likely to achieve its annual target of 6.5 to 7 percent growth rate.

Goldman Sachs warned that the yuan may be headed for recording its steepest decline in more than 20 years.

Goldman Sachs Issues Warning on China’s Mounting Currency Outflow

S. Rina |

Dec 21, 2016 06:39 PM EST

According to a research report released by Goldman Sachs, the People's Bank of China (PBOC) liquidated $1.1 trillion worth of foreign currency reserves since August previous year. This amount more than doubles the $540 billion figure reported by the PBOC for the period between August 2015 and November 2016.

Chinese currency touched its lowest level in six years against dollar during early Monday morning session.

China’s Yuan Plunges to 6 Years Low Against Dollar

S. Rina |

Oct 11, 2016 08:02 PM EDT

Chinese currency touched its lowest level in six years against dollar during early Monday morning session.

The People’s Bank of China stated that the country will retain its prudent monetary policy in the near future.

Chinese Central Bank to Retain Prudent Monetary Policy

S. Rina |

Oct 02, 2016 10:49 AM EDT

The People's Bank of China said the country will retain its prudent monetary policy in the future.

China’s Home Prices Continue to Grow in August

Staff Reporter |

Sep 20, 2016 01:57 PM EDT

China reported yet another aggressive growth rate in its home prices last month. According to the National Bureau of Statistics, the average prices of new homes in China's 70 major cities increased by 9.2 percent in August from the corresponding period last year. On a month-on-month basis, the index showed 1.5 percent growth.

China reports higher business confidence index for third quarter

China Reports Higher Business Confidence Index in the 3rd Quarter of 2016

Rina S. |

Sep 19, 2016 07:57 AM EDT

A survey by the People's Bank of China shows that business confidence among Chinese entrepreneurs increased in the third quarter of this year.

Bank for International Settlements Report Shows High Banking Stress in China

Rina S. |

Sep 19, 2016 07:46 AM EDT

The Bank for International Settlements (BIS), a leading global financial watchdog, has raised concerns about the growing level of banking stress in China. A report released by the BIS highlighted China's increasing corporate debt. China's banking stress level in the first quarter was at its highest since 1995.

China has been urged to take steps about unchecked expansion of its housing market.

People’s Bank of China Warns About ‘Housing Bubble’

Rina S. |

Sep 13, 2016 12:57 PM EDT

China has been urged to take steps to control the unchecked expansion of its housing market. People's Bank of China economist Ma Jun said that there is a need to curb excessive investment flowing into the real estate sector. He noted that a third of the financial system leverage generated in China over the past decade resulted from housing price increase.

No Licenses to new Non-bank Payment Agencies.

China’s Central Bank to Stop Issuing Licenses to new Non-Bank Payment Agencies

Girish Shetti |

Aug 14, 2016 04:33 PM EDT

China's central bank said on Friday that it would stop issuing licenses to new non-bank payment agencies as regulators seek to efficiently regulate the fast-expanding non-banking payment industry.

China’s Central Bank Predicts 6.8 Percent Growth Rate for 2016

Girish Shetti |

Jun 10, 2016 08:06 AM EDT

The People's Bank of China is sticking to its earlier predicted growth rate of 6.8 percent despite a host of challenges confronting the Chinese economy. The central bank's growth rate is higher than the 6.5 percent projected by International Monetary Fund (IMF) and the Asian Development Bank (ADB).

China Reported Decline in Its Industrial Profit Growth Rate in April

China Reports Slower Industrial Profit Growth Rate in April

Rina S. |

May 27, 2016 01:34 PM EDT

China's major industrial firms reported a 4.2 percent increase in their profits in the month of April, down from the 11.1 percent increase reported in March.

China Devalued its currency by 0.3 percent

China Depreciates Currency to 5 Year Low

Rina S. |

May 27, 2016 01:03 PM EDT

The People's Bank of China has weakened the Yuan to the lowest level since March 2011.

China At a Higher Risk of Financial Crimes Committed by Terrorists

China is More Prone to Financial Crimes by Terrorists - PBOC Official

Desiree Sison |

Apr 27, 2016 07:35 AM EDT

China is at a higher risk of being penetrated by criminal activities in its financial sector such as money laundering and financing of terrorist groups as it comes closer to being integrated into global markets, a high-ranking bank official warned on Tuesday.

1 2 3