China’s Central Bank to Strengthen Financial Support for Key Areas

Chinese central bank’s 15th five-year plan

China’s central bank, the People’s Bank of China (PBOC), released its first stand-alone five-year plan in at least a decade on Monday, focusing on measures to build the country into a financial powerhouse. These are its key points: 1. Optimise monetary policy architecture Refine market-driven interest rate and exchange rate mechanisms Keep the yuan exchange rate basically stable Proactively mitigate financial risks in key sectors 2. Boost financ…

China's central bank promises policy support, stronger countercyclical adjustments

China's Central Bank Plans Six-Month Reverse Repo to Stabilize Liquidity

On August 14th, China’s central bank will execute a six-month outright reverse repurchase operation, rolling over CNY 1 trillion (approximately USD 147.4 billion) of maturing funds on a one-to-one basis to ensure sufficient liquidity within the banking system. This CNY 1 trillion six-month reverse repo will be conducted via interest-rate bidding with multiple favorable price […] The post China’s Central Bank Plans Six-Month Reverse Repo to Stabi…

China’s Central Bank to Strengthen Financial Support for Key Areas

Beijing - China will strengthen financial support for key areas, including expanding domestic demand, promoting technological innovation and supporting small and micro enterprises, according to a report released by the People's Bank of China (PBOC) Wednesday. Since the beginning of the year, the PBOC has continued to implement an appropriately accommodative monetary policy, creating a supportive monetary and financial environment for high-qualit…