PBoC, MofCom release notice on boosting cross-border RMB use
Alex Yang
Internationalizing the RMB is a key goal for Beijing, as it means…
Alex Yang
47 posts
PBoC, CBIRC call on major banks to boost support for real economy
The PBoC and CBIRC’s overarching message isn’t all that new. They aren’t asking banks to lend more in 2023, per se, but to lend smarter…
SAFE holds annual work conference
The overarching goal of Beijing’s financial opening policy is to drive more capital to high-quality development – that means SAFE’s priorities fall into roughly two buckets:…
PBoC holds annual work conference
Everything enumerated in this readout is old news. The PBoC faces a complex environment in 2023…
PBoC convenes Q4 monetary policy meeting
China’s economic woes can’t be fixed with monetary policy. What’s needed is a recovery in consumer sentiment, accompanied by fiscal support for households…
PBoC governor Yi Gang lays out vision for creating a modern central banking system
None of this is new, but underscoring the PBoC’s commitment to becoming a more modern central banking institution is very important. It’s all part of the unsexy process of detailed financial reform that is always happening behind the scenes in China…
PBoC extends CNY trading hours
More than 60 offshore banks and other financial institutions are CFETS members. Longer trading hours mean they can trade CNY – rather than offshore CNH – at more convenient times…