PBOC


China central bank paper proposes full liberalisation of childbirth

China central bank paper calls for liberalisation of childbirth

(ATF) A research paper published by China’s central bank on Wednesday said China should not only liberalise but “vigorously encourage” childbearing, otherwise the country's working age population will drop by 15% by 2050.The paper, written in Chinese, proposed that policymakers should also curb property price surges to retain young talent, …

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China tightening fears spook investors

China tightening fears spook investors

HONG KONG: Asian markets were broadly higher on optimism around the earnings season which kicked off on a positive note but Chinese markets underperformed as the central bank’s liquidity operations signalled a desire to rein in leverage.“This latest commentary from the PBoC official assured the market that liquidity accommodation will …

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Ant Group ordered to restructure as a financial institution

Ant Group ordered to restructure as a financial institution

(ATF) China's central bank has ordered Ant Group to reorganise itself as a financial holding company, in a sweeping crackdown on Jack Ma's Ant Group, the fintech conglomerate that has spent months in the regulatory doghouse.The overhaul – which subjects Ant to tougher regulatory oversight and capital requirements – is …

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Growth upgrade boosts sentiment 

Growth upgrade boosts sentiment 

HONG KONG: Asian markets edged up after the IMF upgraded its global growth forecast but China’s markets underperformed amid growing cross-strait tensions and on concerns the central bank is tightening liquidity.China said its carrier group is exercising near Taiwan and such drills will become regular, while Taiwan’s foreign minister said …

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China bans illegal use of business loans over housing bubble fear 

China bans illegal use of business loans over housing bubble fear

(ATF) Banking authorities in China have moved to block the use of business loans as mortgages in an attempt to head off a property bubble.From now on banks are not allowed to grant business-purpose loans to shell enterprises without proof of actual operations. The new rules further strengthen the qualifying …

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China bans micro-lenders from 'fleecing' college students 

China bans micro-lenders from 'fleecing' college students

(ATF) China has banned micro-lending firms such as Jack Ma’s Ant Group from granting consumer loans to college students in a bid to prevent more than 30 million students across the mainland from falling into debt traps.The ban strikes another blow against online micro-lending platforms, including Ant Group’s Huabei and …

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Climate change poses challenge to financial stability, PBoC warns

Climate change poses challenge to financial stability: PBoC

(ATF) China’s central bank governor has warned that climate change poses new challenges to financial stability and monetary policy, and that risks must be assessed and tackled in a timely manner in order for the world’s second largest economy to fulfill its pledge to be carbon-neutral by 2060.The massive amount …

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Digital yuan can have 'controllable anonymity', PBoC official says

Digital yuan can have 'controllable anonymity', PBoC says

(ATF) On March 20, at the China Development Forum held in Beijing, Mu Changchun, director of the Central Bank’s Digital Currency Research Institute, said that the digital yuan can achieve limited anonymity, but stressed that complete anonymity is not feasible in reality, as a certain identification needs to be retained …

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Bond gains pared as payments continue

Bond gains pared as payments continue

(ATF) Chinese bonds broadly advanced Monday but the benchmark index was dragged down by the latest appetite-sapping coupon payments.Returns on credits increased after a decision to hold household lending rates down suggested the central bank was leaning towards quantitative measures to manage monetary policy.The benchmark ATF China Bond 50 Index …

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Markets this week: PMIs, inflation and industrial data

Markets this week: PMIs, Inflation and Industrial data

(ATF) Economic eventsFinancial markets will begin trade on a soft note this week after central banks in the world’s two biggest economies sent hawkish messages. After the Federal Reserve’s decision denied an extension to a temporary capital buffer to banks, with their temporary supplementary leverage ratio changes expiring at the …

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