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Digital cash 'a new payment option' for logistics industry - China Finance News
Finance

Digital cash 'a new payment option' for logistics industry

E yuan is a central bank backed digital currency. Last month the Peoples Bank of China announced it would promote the research and development of the digital currency and expand the...
SPDB, sci-tech commission join hands to help tech firms resume production - China Finance News
Finance

SPDB, sci-tech commission join hands to help tech firms resume production

The Shanghai branch of Industrial and Commercial Bank of China has also rolled out a basket of funding measures to help local firms with production resumption.
China's central bank steps up support for clean, efficient coal use - China Nation News
Nation

China's central bank steps up support for clean, efficient coal use

The additional re lending quota will be used to support the development and use of coal and enhance the coal reserve capacity with priority given to ensuring the safe production and storage of coal and ramping up the electricity coal supply for coal fired power companies the Peoples Bank of China...
Global banks show business resilience in China amid pandemic - China In Focus News
In Focus

Global banks show business resilience in China amid pandemic

That followed an approval in May 2021 for the New York based investment bank to set up a majority owned wealth management venture with the Industrial and Commercial Bank of China.
China's central bank adds liquidity via operations - China Economy News
Economy

China's central bank adds liquidity via operations

The Peoples Bank of China lowered RRR for financial institutions by 0.25 percentage points unleashing 530 billion yuan US 81.65 billion of long term capital into the market.
China central bank conducts reverse repos to maintain liquidity - China Economy News
Economy

China central bank conducts reverse repos to maintain liquidity

The interest rate for the seven day reverse repos was set at 2.1 percent according to the Peoples Bank of China.
IMF chief says China has 'ample' policy space to boost economy amid headwinds - China Economy News
Economy

IMF chief says China has 'ample' policy space to boost economy amid headwinds

We have seen in the last days the Peoples Bank of China taking action to ease conditions for access to credit she said. And it also has space in terms of fiscal policy.
China to cut reserve requirement ratio for financial institutions - China Nation News
Nation

China to cut reserve requirement ratio for financial institutions

The cut will take effect on April 25 except for financial institutions that have already implemented a 5 percent RRR the Peoples Bank of China said in a statement.
Lockdown or not in Songjiang, Xuhui, Yangpu, Baoshan and Minhang - COVID-19 news
COVID-19

Lockdown or not in Songjiang, Xuhui, Yangpu, Baoshan and Minhang

Room 402 next to the Industrial and Commercial Bank of China on Jiuting Street
Big banks introducing deferred mortgage payment plans for COVID-affected customers - China Finance News
Finance

Big banks introducing deferred mortgage payment plans for COVID-affected customers

Industrial and Commercial Bank of China the nations largest lender by market cap said that during the deferred payment period affected customers will not be included in the list...
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