People’s Bank of China (PBoC)
China’s new loans rebound as PBoC focuses on growth
PBoC maintains focus on growth but possibility of reserve ratio cut in April has eased
Chinese inflation rebounds amid easing of monetary policy
CPI hits 2.3% in March, the highest level in five months, while PPI reverses its declining trend since late 2017
Euro’s ‘heft’ has been underappreciated – BIS’s Borio
Several roles of the euro as an international currency are underappreciated, says Borio
PBoC denies reserve ratio rumour and seeks police investigation
PBoC denies widespread market rumour that it plans to cut the key reserve ratio starting from April 1
Yi pledges to continue opening up China’s financial sector
Some measures are yet to be finalised despite end-2018 goal
PBoC improves policy communication
Central bank revamps English website and appears to address market concerns more frequently
China’s bond market needs reform, economist says
IMF book looks in detail at China’s bond market characteristics, prospects and reforms
PBoC to develop new fintech regulation
Central bank will implement new roadmap in 2019, which will see improved regulatory mechanism
Yi Gang makes People’s Congress debut as dilemmas grow
Governor says he sees smaller room for cutting reserve requirement ratios in 2019 but does not rule out the possibility
PBoC independence would help China’s exchange rate goals – IMF paper
Researcher recommends four China-specific policies to support greater exchange rate flexibility
China resorts to fiscal policy to stimulate slowing economy
China says it plans more fiscal stimulus while maintaining prudential monetary policy
China calls a halt to deleveraging
Banking watchdog says deleveraging campaign has achieved its goals
Chinese premier clashes with central bank over credit expansion
PBoC rejects premier’s warnings over interest rate arbitrage and bill financing
Fed must account for spillovers of monetary policy – Yellen
Janet Yellen reflects on Fed monetary policy and “treacherous” currency manipulation in Brookings podcast
Chinese lending hits all-time high in January
Total social financing reached roughly 240% of China’s GDP at end of month
The role of e-cash in China
The use of e-cash stored on integrated circuit cards notably reduces cash handling fees and increases security. It also offers greater convenience notwithstanding the rise of mobile payments
PBoC issues 20 billion yuan of central bank bills in Hong Kong
Bills could help improve the yuan-denominated bond yield curve amid a lack of liquidity in the Dim Sum bonds market
Myanmar adds yuan and yen as trade-settlement currencies
Move comes as yuan use rises and dollar use falls, analysts say
Zhou Xiaochuan wins 2019 lifetime achievement award
The former PBoC governor served for a record 15 years, implementing sweeping reforms that have reshaped the Chinese economy
Lifetime achievement: Zhou Xiaochuan
The former People’s Bank of China governor stands out for his high levels of integrity, intellectual rigour and bold reforms that have served the public interest in China and elsewhere
Latest restructuring boosts the PBoC’s regulatory clout
Hui Feng says the restructuring of the PBoC carries “profound implications” for the central bank’s role in policy-making
PBoC handed leading role in macro-prudential policy
Shake-up of PBoC’s governance structure sees central bank gain macro-prudential department
PBoC continues with communications overhaul
Central bank aims to publish Chinese and English communications simultaneously in the future
PBoC denies that new liquidity tool is a ‘form of QE’
Central bank bills swap is essentially quantitative easing, says one analyst