Bank of China opens branch in Pakistan's capital Islamabad2023-08-02
The Bank of China (BOC) opened its branch in Pakistan's federal capital Islamabad on Monday to further expand its business network in the South Asian country.

China's central bank favors downward interest rates for individual housing loans2023-08-02
The People's Bank of China made clear its stance of favoring downward interest rates and down payment ratio for individual housing loans at a work meeting held Tuesday.

Globalization of renminbi to boost stability2023-07-24
The internationalization of the renminbi is gathering momentum, and such a trend will help facilitate China's further opening-up and encourage the country's global trade and investment, scholars and analysts said.

China's yuan loans grow by 15.73 trln yuan in H12023-07-12
China's yuan-denominated loans rose by 15.73 trillion yuan (2.19 trillion U.S. dollars) in the first half of the year, central bank data showed Tuesday.

Balance of loans up in China's Yangtze River Delta2023-07-09
The balance of loans in the Yangtze River Delta region was 61.2 trillion yuan (about 8.5 trillion U.S. dollars) at the end of May, up 13.8 percent year on year.

Outstanding loans of China's consumer finance firms up 17.5 pct in 20222023-07-09
Outstanding loans of China's consumer finance companies stood at 834.9 billion yuan (about 115.9 billion U.S. dollars) by the end of 2022, up 17.5 percent from a year ago, according to an industry report.

China to up financial support through inclusive loans2023-07-01
hina will continue to provide inclusive loan support for small and micro businesses, and loans to ensure the delivery of pre-sold homes, according to the People's Bank of China, the central bank.

Rate cuts herald banks' better profitability2023-06-26
The recent industry-wide cuts in Chinese commercial banks' deposit rates will likely help the lenders to improve their profitability, inject more liquidity into the real economy, energize market players and boost consumption, experts said.

China's green finance development in the fast lane2023-06-24
China has seen the development of green finance enter the fast lane, playing a vital role in the country's long-term pursuit of low-carbon and sustainable growth.

China cuts benchmark lending rate LPR2023-06-20
China on Tuesday cut the market-based benchmark lending rate. The one-year loan prime rate (LPR) came in at 3.55 percent Tuesday, down from the previous reading of 3.65 percent, according to the National Interbank Funding Center.

China's outstanding green loans, bonds among the top globally: central bank2023-06-12
China has put in place a multi-tiered green finance market system, with outstanding green loans and bonds both ranking among the top globally, according to the country's central bank.

Forex performance seen staying relatively stable2023-06-09
China's foreign exchange market is expected to maintain a relatively stable performance as the economy remains on an uptrend while the US dollar's strength may not be sustainable, the head of the country's top foreign exchange regulator said on Thursday.

Loans issued from China's housing provident fund top 1 trln yuan in 20222023-06-09
China issued over 1.18 trillion yuan (about 166.1 billion U.S. dollars) worth of mortgage loans from the housing provident fund in 2022, benefitting more home buyers, official data showed Thursday.

Shanghai's reinsurance center goals coalescing on supportive regulations2023-06-01
Shanghai's aspirations to build itself into a global reinsurance center will be further consolidated as an international board for reinsurance trading and supportive regulations are all in the pipeline, said officials at a news conference in Shanghai on Wednesday.