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People`s Bank of China News
People`s Bank of China
Panic spreads in China account holders! Govt bans large cash withdrawals after bank runs
Wed, Jul 08, 2020
China is imposing checks on large banking withdrawals following fears of bank runs and rising bad debts among the lenders. As per media reports, limits on businesses and individuals withdrawing large amounts of cash, without prior approval, will first be launched as a pilot project in Hebei province, and then extended to other regions, according to the People`s Bank of China
China's economic opening-up to help offset U.S. trade frictions: central bank adviser
Tue, Nov 20, 2018
"The Sino-U.S trade frictions are still ongoing, private firms` expectations are unstable, and some people are saying they cannot see clearly and are a bit anxious," Liu said.
China's debt crackdown hits cash loan providers
Sat, Dec 02, 2017
Led by companies such as Qudian Inc and PPDAI Group Inc, the Chinese micro-lenders raised $1.2 billion with splashy U.S. listings, cashing in on a boom in borrowing by consumers in China with little access to traditional banks.
China to step up property market regulation to avoid bubble risk
Tue, Nov 21, 2017
China`s housing market has seen a near two-year boom, giving the economy a major boost but stirring fears of a property bubble, with the government taking strong measures since late 2016 to curtail speculative purchases.
China's January forex reserves fall more than expected to $2.998 trillion, near 6-year low
Tue, Feb 07, 2017
China's foreign exchange reserves have fallen to $2.998 trillion in January as compared to a drop of $41 billion in December.
China sets biggest one-day yuan increase in over decade
Fri, Jan 06, 2017
China on Friday hiked the yuan against the dollar in its biggest one-day increase since 2005, after the greenback fell against leading currencies the previous day.