Search result for PBOC
BEIJING TO HAND OUT AROUND $6.27 MILLION IN DIGITAL CURRENCY
Highlights –
- Beijing to hand out around $6.27 million in digital currency.
- Beijing Local Financial Supervision and Administration Bureau will do the same through a lottery system.
- China has been developing digital yuan since 2014, but...
PBOC RAISE RESERVE REQUIREMENT RATIO FOR FOREIGN CURRENCY DEPOSITS
Highlights –
- PBOC raise reserve requirement ratio for foreign currency deposits.
- Chinese currency renminbi (RMB) remains high against the U.S. dollar.
- RMB has likely experienced some overshooting against the U.S. dollar.
- RM...
PEOPLE’S BANK OF CHINA OUTLINED KEY POLICIES AND TASKS FOR 2021 IN BEIJING
Highlights –
- People’s Bank of China outlined key policies and tasks for 2021 in Beijing.
- PBOC will offer effective financial support in accelerating the construction of a new development paradigm.
- PBOC is said to implement prude...
CHINA ACHIEVES 1.5 TRILLION YUAN IN FINANCIAL INSTITUTIONS SAVE ENTERPRISES
Highlights –
- China achieves 1.5 trillion yuan in financial institutions save enterprises.
- PBOC granted inclusive loans worth more than 3 trillion yuan for small and micro-companies.
- PBOC will provide practical financial support for Ch...
PBOC PUBLISHES RULES CONCERNED WITH A COMPANY’S CORPORATE CREDIT BONDS
Highlights –
- PBOC publishes rules concerned with a company’s corporate credit bonds.
- The National Development and Reform Commission and the China Securities Regulatory Commission have also participated in the above.
- There have b...
PEOPLE’S BANK OF CHINA IS NO MORE A KEY STAKEHOLDER IN HDFC BANK
Highlights
• China’s central bank was holding 17.5 million shares or 1.01 percent in HDFC that is valued at Rs 3,300 crore
• The shares of HDFC had plunged 40 percent in the month of March but rebounded in April by 30 percent
• The market experts...
CHINA CENTRAL BANK INTERESTED IN STAKES OF INDIAN COMPANIES
Highlights:
- The People’s Bank of China (PBoC), the central bank of China, has a stake of 1% in HDFC, Indian mortgage finance major.
- PBoC also holds a stake of 0.32% in cement sector-major Ambuja Cement while 0.43% in Piramal Enterprise, Pharma s...
CHINA CENTRAL BANK CAUTIOUSLY PURCHASING STAKES IN INDIAN COMPANIES: REPORTS
Highlights
• People’s Bank of China (PBoC) holds 1 percent stake in HDFC, 0.43 percent in Piramal Enterprises and 0.32 percent in Ambuja Cement
• According to the reports, Chinese banks are intentionally buying stakes in those companies that are strategically i...
DIGITAL CURRENCY EXPERIMENT OF CHINA
Highlights:
- The People’s Bank of China has started its pilot project of testing its homegrown digital currency.
- The test will take place in the cities of Shenzhen, Suzhou, Chengdu, and Xiong’an.
- The test will involve transferrin...
1.01% STAKE IN HDFC OWNED BY THE PEOPLE’S BANK OF CHINA NOW
Highlights:
• PBOC has been accumulating stakes since a year now
• PBOC owned a 0.8% stake in March 2019
• &n...