The Chinese Mainland’s Yuan Loans Surge by ¥10.19 Trillion in Early 2024
The Chinese mainland’s yuan-denominated loans surged by ¥10.19 trillion in early 2024, reflecting significant support for the real economy and growth.
PBOC
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China’s Central Bank Highlights Balanced and Effective Q1 Monetary Policy
China’s central bank reports a balanced and effective Q1 monetary policy, boosting liquidity, supporting small businesses, and fostering economic resilience.
China’s Q1 Yuan Loans Surge to $1.3 Trillion
China’s banks extended $1.3 trillion in new yuan loans in Q1 2024, with M2 rising 8.3% year-on-year, signaling economic growth.
China’s Central Bank Launches $70B Relending Program to Boost Sci-Tech Innovation
China’s PBOC unveils a $70 billion relending program to support sci-tech innovation and technological upgrades, fostering growth in key sectors.
China’s Central Bank to Intensify Monetary Policies for Economic Growth
China’s central bank announces intensified monetary policies to maintain liquidity, guide economic growth, and reduce financing costs for businesses and individuals.
PBOC Accelerates Opening of Financial Markets to Global Investors
The People’s Bank of China is enhancing access to its financial markets for global investors, supporting Bond Connect programs and aligning bond market regulations with international standards.
China Enhances Payment Services for Foreign Visitors
China is enhancing payment services for foreigners by simplifying the use of overseas bank cards and integrating international e-wallets like Alipay, aiming to improve the experience for international travelers.
China Slashes Mortgage Rates More Than Expected, Boosting Real Estate Market
China’s unexpected 25 basis point cut to the five-year loan prime rate boosts mortgage rates, supporting the real estate market and easing borrower costs.