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Banking 14 Oct 2017 | 12:00 AM

Banking regulator and Hubei chief front runners to head PBoC

CHINA’S top banking regulator Guo Shuqing and veteran banker Jiang Chaoliang are front runners to succeed Zhou Xiaochuan, the country’s longest-serving central bank head who is likely to step down next year, according to multiple sources familiar with the matter.

Business 04 Jul 2017 | 11:52 AM

China's shadow banking lacks sufficient regulation, says PBOC

BEIJING: China's central bank said on Tuesday the shadow banking sector lacks sufficient regulation and the bank would give more prominence to financial risk controls.

Business 26 Oct 2016 | 12:00 AM

Limited impact on yuan from US rate hike, says PBoC economist

BEIJING: A potential US interest rate hike in December will have limited impact on the yuan, the People’s Bank of China chief economist Ma Jun told reporters.

Corporate News 24 Aug 2016 | 5:53 AM

PBoC injects cash via 14-day reverse repo for 1st time since Feb as bonds sell-off

SHANGHAI: China's central bank on Wednesday injected cash into money markets through 14-day reverse repurchase agreements for the first time since February amid signs of a sell-off in the bond market and growing worries on leverage.

Business 05 Mar 2016 | 12:00 AM

PBoC pulls US$129bil in biggest weekly withdrawal since 2013

Beijing: China’s central bank drained the most funds from the financial system in three years, mopping up excess cash after a reserve-requirement ratio cut earlier this week boosted liquidity.

Business 07 Jan 2016 | 12:00 AM

Yuan at five-year low as PBoC surprises with weaker fixing

BEIJING: The yuan sank to a five-year low after China’s central bank set the currency’s reference rate at an unexpectedly weak level, a sign that policy makers are becoming more tolerant of depreciation as intervention costs rise and economic growth slows.

Business 11 Nov 2015 | 12:00 AM

China deflation threat gives PBoC room for more monetary easing

BEIJING: China’s consumer inflation waned in October while factory-gate deflation extended a record streak of negative readings, signalling policy makers may need to hit the gas again to ease deflationary pressures.

Economy 24 Sep 2013 | 2:12 PM

PBoC’s US$14bil fund injection eases cash crunch fears (update)

China's central bank conducted its largest one-day fund injection in seven months on Tuesday, easing fears of quarter-end cash crunch such as the one that roiled global markets in late June.

Business 25 Jun 2013 | 12:00 AM

China cash squeeze eases PBOC says banks need to improve cash management

SHANGHAI: Fears of a credit crunch in China’s banking system eased as short-term interest rates fell, and the central bank said there were sufficient funds in the market but banks needed to improve their cash management and control their lending.