Key rate cut seen as move to prop up realty2024-02-21
China implemented the biggest-ever cut to a mortgage rate benchmark on Tuesday, indicating policymakers' dedication to bolster the struggling housing sector and the broader economy, with additional interest rate cuts likely on the horizon, experts said.

Balance of loans up 13.1 pct in China's Yangtze River Delta2024-02-19
The balance of loans in China's Yangtze River Delta region increased by 13.1 percent year-on-year to 64.34 trillion yuan (9.06 trillion U.S. dollars) at the end of December, official data showed.

China's green loan registers notable expansion in 20232024-02-14
The balance of China's green loans in local and foreign currencies stood at 30.08 trillion yuan (about 4.23 trillion U.S. dollars) at the end of 2023, up 36.5 percent year on year, the country's central bank said.

China sees outstanding agriculture-related loans increase2024-02-14
China saw the balance of agriculture-related loans increase by the end of last year, according to data released by the People's Bank of China, the country's central bank.

China's forex reserves fall to 3.2193 trln USD: data2024-02-08
China's forex reserves totaled 3.2193 trillion U.S. dollars at the end of January 2024, down by 18.7 billion U.S. dollars or 0.58 percent, compared to the end of December 2023, according to data released on Wednesday by the State Administration of Foreign Exchange (SAFE).

Balance of loans in Shanghai up 7.3 pct at end of December 20232024-01-29
The balance of loans in Shanghai, including all currencies, rose 7.3 percent year on year at the end of December 2023 to 11.18 trillion yuan (about 1.57 trillion U.S. dollars), official data showed.

China announces reserve requirement ratio cut2024-01-24
China's central bank will cut the reserve requirement ratio for financial institutions by 0.5 percentage points from Feb. 5, said Pan Gongsheng, governor of the People's Bank of China, on Wednesday.

Chinese banks report forex settlement deficit in December2024-01-16
Chinese banks reported a net forex settlement deficit of 31 billion yuan (about 4.36 billion U.S. dollars) in December, official data showed on Monday.

China's newly registered ABS products hit 66.9 bln yuan in value in November2023-12-28
Asset-backed securities (ABS) products worth 66.9 billion yuan (about 9.43 billion U.S. dollars) were registered in November, data from the Asset Management Association of China showed.

China Minsheng Bank injects inclusive loans to small businesses2023-12-25
China Minsheng Bank saw the balance of its inclusive loans to small businesses exceed 700 billion yuan (98.59 billion U.S. dollars) at the end of September.

China's non-cash payments report growth in Q32023-12-25
Non-cash payments handled by Chinese banks continued steady growth in the third quarter of 2023, data from the central bank showed.

New deposit rate cuts herald cheaper loans2023-12-23
China's biggest banks cut interest rates on deposits on Friday, which analysts said may have marked the biggest cut since 2016 and will likely help create room for benchmark lending rates to decline early next year.

BOC Phnom Penh Branch authorized as RMB clearing bank2023-12-12
China's central bank announced on Monday that it has authorized the Bank of China (BOC) Phnom Penh Branch to be the clearing bank for renminbi (RMB) business in Cambodia.

Nearly 100 Chinese cities lower mortgage rate floor for first homes2023-11-29
The People's Bank of China (PBOC), China's central bank, said that 95 Chinese cities have lowered the floor on commercial individual mortgage rates for first-time home buyers while 24 others have abolished the floor as of the end of September amid efforts to help bring down borrowing costs for home buyers and boost the real estate market.