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...

CHINA’S WEALTH MANAGEMENT PRODUCTS & PROPERY LOANS RISE IN Q1

Highlights –

• China’s wealth management products & property loans rise in Q1.
• At the end of March, China’s banking system had about $3.87 trillion of outstanding wealth management products.
• China's outstanding prope...

PEOPLE’S BANK OF CHINA TO DEVISE STRUCTURAL MONETARY POLICY

Highlights –

• People’s Bank of China to devise structural monetary policy.
• The policy tools will help support the economy for key projects in the reduction of carbon emissions.
• The policy will establish an incentive-compatible me...

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...

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...

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...