◦ Bank of China
Property
China unveils raft of measures to stabilize property market
The People's Bank of China and the National Financial Regulatory Administration rolled out a wave of policies on Sunday to stabilize the real estate market.
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Metro
College students get lessons on how to fight against fraud
With the theme of protecting rights and preventing risks upheld by the State Administration of Financial Supervision the Peoples Bank of China and the China Securities Regulatory...
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Economy
China cuts reserve requirement ratio by 0.5 percentage points
Starting Friday the weighted average RRR for lenders will come to around 6.6 percent while those having already implemented a 5 percent RRR will not be involved according to a statement...
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Finance
China to cut reverse repos rate from 1.7% to 1.5%
The governor of the People's Bank of China said Tuesday that the central bank will reduce the interest rate of seven-day reverse repurchases from 1.7 percent to 1.5 percent.
2024-09-24 11:18
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Finance
China to create new monetary policy tools to support stock market: official
The central bank will establish a swap program for securities funds and insurance companies to obtain liquidity from the central bank through asset collateralization Pan Gongsheng governor of the Peoples Bank of China...
2024-09-24 10:26
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Finance
China to cut reserve requirement ratio in near future: central bank governor
78 billion in long term liquidity to the financial market Pan Gongsheng governor of the Peoples Bank of China said Tuesday.
2024-09-24 09:49
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Finance
China to cut mortgage rates for existing home loans
China will lower mortgage rates on existing home loans to a level similar to those of newly issued housing loans, Pan Gongsheng, governor of the People's Bank of China.
2024-09-24 09:48
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Economy
China's financial institutions report 7 pct growth in total assets
The figure represented a year on year increase of 7 percent said the Peoples Bank of China.
2024-09-20 18:21
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Economy
Shanghai aims to be leading fintech center within five years
Shanghai is already a preferred base for fintech companies and talent as the central bank has made great efforts to promote the development of fintech in Shanghai said Shi Jiandong...
2024-09-13 21:04
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Finance
Citibank pilots foreign exchange business in Shanghai
China Minsheng Bank CITIC Bank and Bank of China are among the first banks in the pilot program.
2024-09-05 20:22
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