China Lifts Cap on Life Insurance Interest Rate

The 2.5 percent pre-determined interest rates attached to life insurance products here in China have been scrapped. The move is the latest effort by central government to liberalize the country's interest rates. The People's Bank of China has already

Central Bank Injects Funds for First Time

China's central bank has injected new liquidity into the money markets via an open market operation. This is the first time the PBOC has done this since February. The injection, a 17 billion yuan bond repurchase, marks the first time in 5-months the

VOA标准英语2008年-Chinese Stocks Drop After Central Bank Raises R

By Daniel Schearf Beijing 10 June 2008 Chinese stocks have dropped nearly eight percent after China's central bank announced it would raise the amount of cash banks must keep on hand to a record high. China has been struggling to rein in excess cash

英闻天下——394 China's Central Bank Governor Stresses Stability

China's central bank governor Zhou Xiaochuan now says the government will keep the monetary policy and financial reforms stable and continuous - no matter who becomes the new governor of the People's Bank of China. CRI's Su Yi has more. It does not m

中国再次降息以提振实体经济

China's central bank is cutting interest rates by 25 basis points as of today. One-year deposit rates are being slashed to 2.25 percent. The one-year lending rate is being set at 5.1-percent. It is the third rate cut by the central bank since Novembe

Monetary policy to remain prudent: central bank official

BEIJING, Feb. 19 (Xinhua) -- China's central bank said Sunday it will maintain a prudent monetary policy as the country faces pressure in supporting growth and containing inflation. The remarks, made by an official with the People's Bank of China (PB

China cuts its reserve ratio again

BEIJING, May 13 (Xinhuanet) - China's central bank announced on Saturday it would lower the reserve requirement for commercial lenders by 50 basis points, the second time it has taken such action this year to inject more market liquidity and shore up

央行降准降息支持实体经济

The People's Bank of China says the economy is still facing downward pressure. Meanwhile, the global financial market has shown major fluctuations recently. Therefore, the central bank has concluded that it's necessary to apply flexible monetary poli

个人认购大额存单门槛降至20万元

China's central bank lowered the minimum amount of certificates of deposit (CDs) by individual investors from 300,000 to 200,000 to give more people access to this investment channel. 日前，央行将个人投资人认购大额存单起点金额从

China's yuan hits news high against USD Monday

BEIJING, May 9 (Xinhua) -- The Chinese currency renminbi (RMB), or the yuan, Monday gained 15 basis points from the previous(以前的) trading day to hit a new high of 6.4988 per U.S. dollar. The yuan first broke the symbolic 6.50 ratio against the

China's central bank governor stresses inflation control

China's central bank governor stresses inflation control BEIJING, Oct. 13 (Xinhua) -- China's central bank governor has urged fending off inflationary risks amid worldwide efforts to shore up the sluggish global economy by easing monetary policies. Z

China should reform banks to prevent risks: central bank

BEIJING, Feb. 16 (Xinhua) -- China should deepen the reform of its large commercial banks and policy financial institutions this year, in the wake of an increasingly complex external and internal environment, the country's central bank said Thursday.

China has confidence on EU market, says central bank

China has confidence on EU market, says central bank TOKYO, Oct. 13 (Xinhua) -- China is willing to offer the eurozone support on getting through the difficulties, said Yi Gang, the vice governor of the People's Bank of China on the annual meetings o

China's central bank keeps 3-month bill yield unchanged

BEIJING, March 17 (Xinhua) -- The People's Bank of China (PBOC), or the central bank（中央银行 ）, auctioned 50 billion yuan (7.61 billion U.S. dollars) of three-month bills at a yield of 2.7944 percent on Thursday, temporarily easing speculati

China to timely fine-tune monetary policy: central bank

BEIJING, May 10 (Xinhua) -- China will maintain a prudent monetary policy in the months ahead, while timely and appropriately fine-tuning the policy, the People's Bank of China (PBOC), or the central bank, said Thursday. The government will make its

Former ABC vice president joins central bank

BEIJING, June 9 (Xinhua) -- Pan Gongsheng, the former vice president of the Agricultural Bank of China (ABC), has joined the People's Bank of China (PBOC), the country's central bank, as its vice president, according to updated information on the PBO

人民币纳入SDR的障碍

If, 20 or 30 years from now, central banks and sovereign wealth funds hold a significant portion of their reserves in renminbi-denominated assets, financial historians will probably look back on 2015 as a turning point. 如果二、三十年后，各国

China bans establishment of new gold exchanges

BEIJING, Dec. 27 (Xinhua) -- The People's Bank of China (PBOC), China's central bank, announced Tuesday that it is banning local regions, institutions or individuals from setting up gold exchanges apart from the existing Shanghai Gold Exchange and Sh

China changes three central bank advisors

BEIJING, March 14 (Xinhua) -- China will change three members of the central bank's monetary policy committee, according to a circular released Wednesday by the State Council, or the Cabinet. The circular said the State Council has approved the appoi

2016年CRI China to Meet Growth Target without Big Stimulus: Bank Chief

Central bank governor Zhou Xiaochuan says the growth targets China has set for the next five years can be realized without major economic stimulus. I personally think China will stick to the prudent monetary policy on condition that there is no globa