People’s Bank of China (PBoC)
Bank notes: April to June 2025
A round-up of news and salient issues that have affected central bankers in the past three months
‘This is not a wobble’: Brunello Rosa on the path to de-dollarisation
Digital currencies will play a central role as China challenges US hegemony, says economist
PBoC to help Chinese firms boost overseas investment
Central bank to facilitate yuan internationalisation amid external uncertainty, deputy governor says
BCRA renews $5 billion currency swap with PBoC
Argentina gets reserves boost, with new IMF deal expected to be finalised over coming days
PBoC backs state fund’s efforts to stabilise stock market
Chinese central bank also fixes currency at lowest level since September 2023
Banknotes: January to March 2025
A round-up of news and salient issues that have affected central bankers in the past three months
PBoC tweaks lending facility as framework reform continues
Chinese central bank phases out MLF’s role in monetary policy by allowing dynamic pricing
China holds loan prime rates again
PBoC stays put while government works to boost consumption
Obituary: Liu Hongru, 1930–2025
Former PBoC deputy governor left influential legacy in China’s modernisation of banking and finance
Central banks buy more gold in January
Net accumulation follows dip seen in previous month
PBoC adviser calls for new tools to boost consumption
Senior official recommends “structural” monetary policies as annual political meetings kick off
The interest rate dilemma in an uncertain world: a balancing act
Biagio Bossone makes the case for a holistic policy approach that includes extending IT tolerance bands, smart fiscal policies, supply-side reform and financial safeguards
State-owned banks must support real economy – PBoC official
Deputy governor calls on big lenders to take on greater role amid rumours of capital injection
China holds loan prime rates
PBoC stays put again as yuan strengthens after Trump signals potential trade talks with Xi
China to focus more on consumption, says PBoC governor
Pan Gongsheng wants domestic demand to be “key driver of growth”
China to make use of all monetary tools to boost growth
PBoC flags external volatility and renews pledge to support economy in quarterly report
PBoC appoints Zou Lan as deputy governor
Former monetary policy department head will become youngest member of China’s central bank board
China tells insurers and mutual funds to buy more stocks
Regulators, including PBoC, provide new instructions to boost domestic equities market
HKMA’s renminbi repo plans boost hopes for onshore access
Market participants optimistic that new provisions for offshore repos of onshore bonds are first step towards mainland access
PBoC holds key lending rates
Move comes after China hit 5% growth target for 2024, but analysts expect further easing this year
Mainland China and Hong Kong deepen financial ties
PBoC and HKMA announce new measures to promote renminbi use