People's Bank of China

INSIGHT: Humiliation, gunfire, unification behind ‘patriotism’ ...
Bronze statues of Nan Hanchen, the first governor of the People’s Bank of China, left, and Dong Biwu, a vice president of China, stand in front of the Hebei money museum in Shijiazhuang, Hebei province. (Keiko Yoshioka)
SHIJIAZHUANG, China--The renminbi, a mover and shaker in world markets, originated in a nondescript building in this city about a 90-minute ride on a high-speed railway south...
China central bank sees ‘very normal’ growth of 6-7 percent in ...
The People's Bank of China head office in Beijing (Asahi Shimbun file photo)
BEIJING--China will be able to keep economic growth at around 6-7 percent annually over the next three to five years, a top People's Bank of China policymaker said on Oct. 24,...
China cuts rates again as growth engine stalls
Chinese investors look at prices of shares (red for price rising) at a stock brokerage house in Nanjing city, east China's Jiangsu province, 23 October. (Imaginechina via AP Images)
BEIJING--China's central bank cut interest rates on Oct. 23 for the sixth time in less than a year, and it again lowered the amount of cash that banks must hold as reserves in...
A 'shadow central bank': Renminbi devaluation poses a global risk
The People’s Bank of China (PBOC, the central bank of China) announced on Aug. 11 that it had reformed the renminbi exchange rate mechanism. Over the next three days, the...
China lets yuan fall further, fuels fears of currency war
A man reads a newspaper reporting that China's central bank, or People's Bank of China, announced the 2015 edition of the 100 renminbi notes will be issued starting from Nov. 12, at a stand in Beijing on Aug. 11. (AP Photo)
SHANGHAI--China's yuan hit a four-year low on Aug. 12, falling for a second day after authorities devalued it in a move that sparked fears of a global currency war and...
China cuts interest rates for 3rd time in six months as economy...
The People's Bank of China in Beijing (Asahi Shimbun file photo)
BEIJING--China cut interest rates for the third time in six months on May 10 in a bid to lower companies' borrowing costs and stoke a sputtering economy that is headed for its...
China's central bank cuts rates again to boost economy
In this Feb. 27, 2015 photo, a Chinese family walk past a China Dream billboard, showing messages pushed by Chinese President Xi Jinping's administration on display in Beijing. (AP Photo)
BEIJING--China's central bank cut interest rates for the second time in three months Feb. 28, adding to signs the country's leaders are worried the economic slowdown is...
China orders banks to ramp up lending to curb flagging growth
A woman passes by a bank in Beijing (Asahi Shimbun file photo)
SHANGHAI--China told its banks to issue more loans in the waning months of 2014 and relaxed limits on their loan-to-deposit ratios to help hit a record new lending target as...
China may liberalize bank savings interest rates within 2 years
Zhou Xiaochuan, governor of the People's Bank of China (Asahi Shimbun file photo)
BEIJING--China is likely to ease controls on interest rates paid on bank savings within two years and will allow wider use of its tightly controlled currency for trade and...
China tells banks to report terror suspicions
People's Bank of China (Asahi Shimbun file photo)
BEIJING--China's central bank told financial institutions on Jan. 17 that they had an obligation to report transactions and accounts suspected of links to terror activities, as ...
Value of digital Bitcoin currency plummets after Chinese ban
The Mt.Gox Bitcoin exchange office in Tokyo's Shibuya district (Asahi Shimbun file photo)
BEIJING--The value of the global digital currency Bitcoin has nose-dived since China banned it as a means of settlement, underscoring the pressures the virtual money is under...
POINT OF VIEW/ Takeshi Jingu: China starting to regulate shadow...
Takeshi Jingu (Provided by Nomura Research Institute)
While Chinese regulators have started to take action to mitigate potential risks of shadow banking, they also face the urgent task of laying the groundwork for full-fledged...
China frees up lending rates in major reform
The central branch of the People's Bank of China in Beijing (Asahi Shimbun file photo)
BEIJING--China's central bank removed controls on bank lending rates, effective on July 20, in a long-awaited move that signals the new leadership's determination to carry out...
POINT OF VIEW/ Keiko Yoshioka: China needs dialogue with markets
A signboard celebrates the 18th National Congress of the Communist Party in front of the People’s Bank of China headquarters in Beijing in November last year. (Keiko Yoshioka)
China’s financial markets were roiled in June. Interest rates surged in the interbank money market, making it difficult for some banks to borrow money from others. Shanghai...
China central bank office mobbed by borrowers seeking free loans
People's Bank of China (Asahi Shimbun file photo)
BEIJING--About 1,000 hopeful borrowers overran a branch of China's central bank as a rumor spread that it was handing out zero-interest loans, media said on July 11,...
INTERVIEW/ Wu Xiaoling: China won’t join competitive devaluation,...
Wu Xiaoling during an interview with The Asahi Shimbun in Beijing (Asahi Shimbun file photo)
China is showing signs of being annoyed by Japan’s aggressive monetary expansion, the first “arrow” of Abenomics, or Prime Minister Shinzo Abe’s deflation-busting...
China in credit crunch as Beijing targets debt
People's Bank of China (Asahi Shimbun file photo)
BEIJING--A spike in interbank interest rates is putting the squeeze on credit in China as the government tries to trim off-balance-sheet lending threatening the stability of...
China keeping close eye on monetary easing policies of developed...
Zhou Xiaochuan, governor of the People's Bank of China, during a news conference in Beijing on March 13 (Soichiro Yamamoto)
BEIJING--China's central bank is warily watching how successive monetary easing measures implemented in Japan and other developed countries affect foreign exchange rates.
Central bank adviser: China underestimated global slowdown
People's Bank of China (Asahi Shimbun file photo)
BEIJING--China severely underestimated this year's global economic slowdown and further cuts to Chinese interest rates or bank reserve requirements hinge on any new...
INTERVIEW: Japan, China stand to gain strategic benefits from...
Yi Gang: "When I went to study in the United States in 1980, I only had $2 in foreign currency in my pocket." (Photo by Tamako Sado)
BEIJING--China strengthened its financial links with Japan by authorizing direct trading between its renminbi currency and the yen in June. It represents the boldest step yet...