The People's Bank of China, the country's central bank, will encourage commercial banks to lower existing mortgage interest rates, bringing them to a level close to newly issued mortgages, said PBOC ...

Some of the measures announced by the People's Bank of China (PBOC) on 24 September took direct aim at the country's beaten-down stock market. The new tools included funding worth 800bn yuan ($ ...

Xi Jinping remains cautious.Credit: AP That’s perhaps not surprising. The PBOC announced $100 billion-plus of cheap funding for non-bank financial institutions to buy shares, while saying it was ...

($28.5 billion) of bonds from dealers in September, surpassing the amount of notes purchased last month. The People’s Bank of China said in a statement the operation was aimed at keeping banking ...

PBOC Governor Pan Gongsheng said the central bank will continue to punish “problematic acts” in the bond market as he outlined a barrage of stimulus measures that included reductions in some key ...

"The PBoC and Politburo, all leaning in on putting a floor in property, boosting equities and backstopping households, have hit the right notes," Vishnu Varathan, Mizuho's macro research head for ...

"With the public showing strong responses (to the situation), the mechanism needs urgent adjustments and optimisation," the PBOC added. Most local governments, except for some megacities including ...

The People’s Bank of China (PBoC) cut its seven-day reverse repo rate from 1.7% to 1.5%. The central bank will also cut the amount of funds that lenders must hold in reserve by 0.5ppt ...

China's central bank on Friday lowered interest rates and injected liquidity into the banking system as Beijing assembled a last-ditch stimulus assault to pull economic growth back towards this year's ...

According to Liu, the PBOC's move addresses the messages delivered at the meeting on Thursday of the Political Bureau of the Communist Party of China Central Committee, which called for ...