People’s Bank of China (PBOC)

Economists polled by Bloomberg in December forecast a 25-basis point cut to the reserve requirement ratio in 1Q2024.

Lu Lei, 53, replaces Liu Guoqiang, who has been a deputy governor of PBOC since 2018.

The taskforce will deepen bilateral cooperation in green and transition finance between both countries, says MAS.

The timing of the cut could be due to concerns that credit growth could slump in April.

By replacing China’s physical notes and coins, the eRMB will save the PBOC the costs of printing and circulating new currency.

PBOC will consider issuing mandatory requirements for financial institutions to disclose environmental-related information.

China’s ability to export more goods means officials will be in no rush to rein in their strongest yuan in more than two years.

A DBS team have found that Chinese Government Bonds are starting to behave like hedges under financial stress.

(Sept 8): Chinese regulators this week dealt a huge blow to the cryptocurrency market after the People’s Bank of China (PBOC) banned initial coin offerings (ICO) and asked all related fundraising activity to be halted immediately.

SINGAPORE (Feb 8): UOB Kay Hian says the increase in interest rates for standby lending facility (SLF),  medium-term lending facility (MLF), and reverse repo by the People’s Bank of China will be “positive” for large banks in China.