Tag: People's Bank of China (PBOC)

• Thursday, June 6th 2019 - 08:15 UTC

  China injects liquidity to help small banks with cash following the takeover of a troubled lender

  

  Boosting liquidity to the financial system on Thursday, China's central bank signaled its readiness to supply smaller banks with a steady stream of cash after the takeover of a troubled lender, letting more banks access the funds.

• Tuesday, October 9th 2018 - 08:20 UTC

  China injects more liquidity to lower financing costs and prop the economy

  

  China's central bank announced a steep cut in the level of cash that banks must hold as reserves, stepping up moves to lower financing costs and spur growth amid concerns over the economic drag from an escalating trade dispute with the United States.

• Monday, March 19th 2018 - 08:52 UTC

  Next chief of China's central bank was educated in University of Illinois

  

  US-educated economist Yi Gang has been named the next governor of China's central bank, replacing Zhou Xiaochuan. Mr Yi joined the People's Bank of China (PBOC) 20 years ago and has been its deputy governor since 2008. His appointment is being seen as one of ensured continuity as Beijing continues to try and rein in growing debt and limit risky financial practices.