Category Archives: The People’s Bank of China

China, Guidelines for Establishing the Green Financial System

PBC.China is at a crucial stage of economic structural adjustment and transformation for its development model. The demand for green finance to support green industries and sustainable development is constantly expanding. In order to fully implement the “Opinions of China’s Central Party Committee and the State Council on Accelerating the Development of Ecological Civilization” (Zhongfa [2015] No.12) and the “Overall

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The People’s Bank of China and six other agencies jointly issue“Guidelines for Establishing the Green Financial System

PBC. On August 31, the People’s Bank of China, along with six other government agencies, issued the “Guidelines for Establishing the Green Financial System” (Yinfa 2016 Doc No 228), with the approval of the State Council.  The Guidelines – issued jointly by the People’s Bank of China, the Ministry of Finance, the National Development and Reform Commission, the Ministry of

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The World Bank Issued SDR-Denominated Bonds in China’s Interbank Bond Market

PBC. The World Bank (International Bank for Reconstruction and Development) successfully issued its first tranche of SDR-denominated bonds in China’s Interbank Bond Market. The first issuance amounts to 500 million SDR with a term of 3 years. The bonds will be payable in yuan(RMB). Over 50 domestic institutional investors including banks, security firms and insurance firms, as well as foreign monetary

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Central Bank China: Financial Stability Report 2016

PBC. In  2015,  the  recovery  of  global  economy  was  slow.  Growth  performance and  monetary  policies  of  major  advanced  economies  further  diverged,  and international  financial  markets  and  commodity  prices  experienced  large fluctuations.  Overall  speaking,  performance  of  the  Chinese  economy  was stable.  The  reform  of  the  financial  sector  deepened,  financial  institutions became  more  competitive,  the  development  of  financial  markets  was characterized  by  enhanced

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Central bank pumps more money into market

MOFCOM. May 24, 2016 – 17:52 BJT (20:52 GMT)   XinhuaChina’s central bank pumped more money into the market Tuesday to ease a liquidity strain. The People’s Bank of China (PBOC) conducted 65 billion yuan (about 10 billion U.S. dollars) of seven-day reverse repurchase agreements (repo), a process in which central banks purchase securities from banks with an agreement to resell them

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China to Simplify Approval Process for Gold Imports, Exports

MOFCOM. May 4, 2016 – 18:19 BJT (21:19 GMT)   CRI English.  China will test a new policy that aims to make the import and export of gold a lot easier, according to a statement jointly issued by the People’s Bank of China and the General Administration of Customs. The new policy, set to be tested from June 1, will allow gold

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China Central Bank Releases Priorities for 2016

MOFCOM. April 24, 2016 – 16:41 BJT (19:41 GMT)   Xinhua.  The People’s Bank of China (PBOC), the country’s central bank, has unveiled its prioritized tasks for 2016. The PBOC said monetary policy will help slash overcapacity, cut stockpiles, reduce leverage, lower costs of doing business and fix shortcomings, with a focus on reducing steel and coal overcapacity. The central bank will continue

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Communiqué G20 Finance Ministers and Central Bank Governors Meeting 14-15 April 2016, Washington D.C.

2016年04月16日. 1.The global recovery continues and the financial markets have recovered most of the ground lost earlier in the year since our February meeting in Shanghai. However, growth remains modest and uneven, and downside risks and uncertainties to the global outlook persist against the backdrop of continued financial volatility, challenges faced by commodity exporters and low inflation. Geopolitical conflicts, terrorism, refugee

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G20 Green Finance Study Group Third Meeting Held in Washington D.C.

PBC. On April 12, 2016,the G20 Green Finance Study Group (GFSG) held its third meeting in Washington D.C. The GFSG is co-chaired by the People’s Bank of China and Bank of England, with support from the United Nations Environment Programme (UNEP) as secretariat. During the meeting, members of the GFSG discussed the first draft of its synthesis report to be

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Procedures & FAQ for Foreign Central Banks and Similar Institutions to Enter China`s Inter-bank Bond and Foreign Exchange Markets

Three channel  for investment: Foreign central banks and similar institutions (hereinafter referred to as relevant institutions) may (1) entrust the People’s Bank of China (PBC) as the agent, or (2) entrust commercial banks, capable of international settlement and with a qualified settlement agent status, in the inter-bank market as agents (hereinafter referred to as commercial banks), or (3) make direct

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