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The Peoples Bank of China (PBOC) announced a surprise five basis points (bps) cut to the benchmark one-year Loan Prime Rate (LPR) to 3.80% this morning, while keeping the five-year rate intact around 4.65%: This puts it into stark contrast with Western central banks with the Fed ready to unleash up to six rate

Escobar: Putin, Xi Running Circles Around Biden''s Hybrid War Authored by Pepe Escobar via The Cradle, Russia and China''s announcement of an independent financial trading platform will free nations under US sanctions from western intrusion into their commercial activities Vladimir Putin got straight to the point. At the opening of his one hour and fourteen minute video conversation with Xi Jinping on 15 December, he described Russia-China relations as an example of genuine inter-state cooperation in the 21st century. Their myriad levels of cooperation have been known for years now from trade, oil and gas, finance, aerospace and the fight against Covid-19, to the progressive interconnection of the Belt and Road Initiative (BRI) and the Eurasia Economic Union (EAEU). But now the stage was set for the announcement of a serious counter-move in their carefully coordinated ballet opposing the relentless Hybrid War/Cold War 2.0 combo deployed by Empire. As Assistant to the President for Foreign Policy Yuri Ushakov succinctly explained, Putin and Xi agreed to create an independent financial structure for trade operations that could not be influenced by other countries. Diplomatic sources, off the record, confirmed the structure may be announced by a joint summit before the end of 2022.

The Peoples Bank of China (PBOC) has highlighted cracking down on property speculation as one of its key work themes for the upcoming year. PBOCs party committee said that next year it would continue to uphold the position that houses are for occupation and not speculation; steadily and effectively implement the real estate finance prudential []

The total assets of Chinese financial sector institutions stood at 375.68 trillion yuan as of the end of the third quarter of 2021, for an increase of 8.2% compared to the same period last year, according to the latest preliminary data from the Peoples Bank of China (PBOC). Total assets of banking sector financial institutions []

People’s Bank of China will issue Renminbi Bills through Central Moneymarkets Unit of Hong Kong Monetary Authority ****************************************************************************************** The following is issued on behalf of the Hong Kong Monetary Authority: The People’s Bank of China (PBOC) will issue Renminbi Bills through the Central Moneymarkets Unit of the Hong Kong Monetary Authority (HKMA). Please […] The post Hong Kong – People’s Bank of China will issue Renminbi Bills through Central Moneymarkets Unit of Hong Kong Monetary Authority appeared first on Webnewswire .

The Peoples Bank of China (PBOC) infused CNY500 billion via one-year medium-term lending (MLF) facility on Wednesday. The Chinese central bank kept t

A raft of developers in Shanghai have received a shot in the arm as the banking authorities encouraged local lenders to grant them fresh credit to build rental homes.The Shanghai headquarters of the Peoples Bank of Chinas and the local branch of the China Banking and Insurance Regulatory Commission acted as the matchmakers between lenders and developers in an effort to bolster rental home construction in the mainlands financial capital where lofty housing prices have eroded competitiveness

BUDAPEST, Dec. 14 (Xinhua) -- Hungary was the "first in the world to successfully issue" a green Panda bond in China in an amount of one billion Chinese yuan (157 million U.S. dollars), the country''s Finance Minister Mihaly Varga said here on Tuesday. Last week, the Hungarian Government Debt Management Agency''s (AKK) Chief Executive Officer Zoltan Kurali said that Hungary had mandated the Bank of China to arrang

BEIJING Chinas State Administration of Foreign Exchange (SAFE) has approved the Bank of China, the official partner of the 2022 Beijing Winter Olympics to open green channels for foreign exchange business related to the event. The launch of the green channels would facilitate the opening of foreign exchange accounts, personal consumption on mobile equipment [] The post China to open green channels, facilitate forex business during Winter Olympics appeared first on BOL News .

According to an influential Chinese think tank called China Finance 40 Forum, the People’s Bank of China (PBOC) needs to cut the interest rates and bo

HONG KONG , Dec. 13, 2021 /PRNewswire/ -- Bank of China Group Insurance (BOCG Insurance), a leader in general insurance in the region, Milliman , an international actuarial and consulting firm, are joining forces with CoverGo , leader in insurance technology to streamline BOCG Insurance''s Motor insurance ecosystem and customer experience. BOCG Insurance has engaged Milliman to implement new rates for Motor products, through advanced actuarial and machine learning techniques, while CoverGo was engaged to provide its award-winning insurance platform to build products faster with no-code, increase distribution through new digital portals, and improve policy & claims admin through automation. BOCG Insurance customers can now purchase motor insurance seamlessly online through www.bocgins.com/motor/ Together, they enable BOCG Insurance to gain a key competitive advantage on the motor insurance market by launching products that truly fit customer''s needs at a much faster rate, while saving major costs on operation.

In recent trade today, the People’s Bank of China (PBOC) set the yuan (CNY) at 6.3675 vs the previous fix of 6.3669. About the fix China maintains str

The latest data from the Peoples Bank of China (PBOC) points to more rapid growth in personal home loans in November, as regulators endeavour to contain the impacts on the property market of the Evergrande Group debt crisis. Chinas personal home loan balance stood at 38.1 trillion yuan at the end of November, according to []

The former governor of the Peoples Bank of China (PBOC) has called for greater development of financial statistical systems in order to increase transparency and abet credit efficiency. Dai Xianglong () recommends that the Chinese authorities establish a national corporate balance sheet statistics announcement system, develop non-bank financial institutions, and convert more social funds into []

The Peoples Bank of China (PBOC) set the USD/CNY reference rate at 6.3669 on Monday when compared to the previous fix and the previous close at 6.370