China
PBoC holds key policy rate
Central bank holds off easing amid yuan weakness and banks’ narrowing margins
PBoC holds key rate
China’s central bank refrains from further stimulus amid weak yuan
BoT to promote financial literacy with TikTok
Thai central bank plans to develop educational resources with Chinese-owned video-sharing platform
Consumer prices in China fall at fastest pace since 2009
Central bank says it expects modest rebound
Chinese government replaces head of securities regulator
Move follows pledge by authorities to stabilise markets in wake of share selloffs
China ‘gradually decreasing import dependence’
However, Fed research says reliance on export markets precludes any de-linking from global economy
Chinese growth likely to slow to 3.5% by 2028, says IMF
State officials reject institution’s findings, claiming economic trajectory is positive and risks manageable
PBoC steps up funding for development projects
Central bank injects 150 billion yuan amid slew of government measures to bolster property sector
Market seeks details of PBoC plan to open onshore repo trading
Traders welcome the move but want clarity on legal and collateral issues
China pulls report on merger of ‘bad banks’ with SWF
Tie-up could help separate government’s roles as regulator and shareholder in managers of bad debt
Hong Kong court orders liquidation of Evergrande
Decision could lead to complex winding-up process for debt-laden Chinese developer
China’s central bank to set up new credit market department
Unit will be tasked with guiding banks’ lending support for key areas of finance
PBoC and HKMA strengthen financial ties
Hong Kong to accept onshore bonds as collateral for RMB funds, as PBoC looks to open up repo market
PBoC announces biggest cut in banks’ reserve ratios for two years
Governor says 50bp reduction will free up 1 trillion yuan into financial system
China’s central bank holds key lending rates
Decision to keep one- and five-year LPRs is in line with analysts’ expectations
China revises rules for PBoC’s monetary policy committee
New rules form part of Communist party’s drive to strengthen control over domestic financial sector
Risks persist in China’s economy despite growth, analysts say
Property sector woes, youth unemployment and falling population all cited as long-term challenges
PBoC holds key rate after third consecutive month of deflation
China’s central bank surprises analysts by restraining policy support amid weak economic data
Former PBoC deputy makes televised corruption confession
Fan Yifei admits to accepting benefits from businesspeople on state broadcaster
PBoC official signals possible reserve ratio cut
Zou Lan hints Chinese central bank may loosen reserve requirements to spur credit growth
Major Chinese shadow bank files for bankruptcy
Zhongzhi Enterprise Group’s $36.5 billion shortfall raises fears of contagion from property downturn