Nearly 100 Chinese cities lower mortgage rate floor for first homes2023-11-29
The People's Bank of China (PBOC), China's central bank, said that 95 Chinese cities have lowered the floor on commercial individual mortgage rates for first-time home buyers while 24 others have abolished the floor as of the end of September amid efforts to help bring down borrowing costs for home buyers and boost the real estate market.

China's outstanding yuan funds for forex up in October2023-11-16
China's outstanding yuan funds for foreign exchange have been on the rise for the second month in a row, official data showed Wednesday.

China's cross-border capital flows more balanced in October2023-11-16
China's cross-border capital flows became more balanced in October, with net inflows under trade in goods up 52 percent from September, data from the State Administration of Foreign Exchange (SAFE) showed Wednesday.

China retains strong appeal for foreign banks amid high-standard opening up2023-11-10
China's opening up of its financial sector with greater depth will bring more opportunities for foreign institutions and encourage them to invest in the country, according to government officials.

New rules to bolster banks2023-11-03
New regulations on capital of commercial banks are expected to enhance their risk management as well as improve their service quality, thus boosting the real economy, experts said on Thursday.

China's ICBC branch in Myanmar joins cross-border interbank payment system2023-11-03
The Industrial and Commercial Bank of China (ICBC) Yangon Branch has joined the Cross-Border Interbank Payment System (CIPS) to further promote the use of RMB for cross-border transactions in Myanmar and China.

Assets of China's insurance companies see steady expansion2023-10-23
The total assets of China's insurance sector amounted to 29.6 trillion yuan (about 4.12 trillion U.S. dollars) at the end of the third quarter of this year, official data showed.

Growth of China's yuan loans increases in Q32023-10-21
The growth of China's yuan-denominated loans expanded by 1.58 trillion yuan (about 220.08 billion U.S. dollars) year on year in the first three quarters (Q3), an official said on Friday.

Experts: China may further cut its US debt holdings2023-10-20
China may continue to cut its US debt holdings amid global worries over shrinking liquidity and safety risk of the assets and the country's ramped-up efforts to diversify its foreign exchange reserves, experts said on Thursday after reviewing the latest data from the US Treasury Department.

China's yuan loans grow by 19.75 trln yuan in Jan.-Sept.2023-10-13
China's yuan-denominated loans rose by 19.75 trillion yuan (about 2.75 trillion U.S. dollars) in the first nine months of this year, central bank data showed Friday.

Bank of China reports rise in cross-border renminbi settlements2023-10-13
The Bank of China (BOC) said Thursday it has actively expanded cross-border renminbi products and services since the start of the year, and handled 22.59 trillion yuan (about 3.15 trillion U.S. dollars) of cross-border renminbi settlements in the first eight months.

China issues guidelines to promote high-quality development of inclusive finance2023-10-12
China's State Council has released a guideline document specifying policies and measures to promote the high-quality development of inclusive finance over the next five years.

Banks beef up support for farming2023-10-07
China's banks have been pouring more funds into agriculture and rural areas this year as the country seeks to advance rural vitalization, latest data from the national financial watchdog showed.

China sees growth in inclusive loans to small businesses2023-09-29
The balance of China's inclusive loans to small and micro businesses stood at 27.8 trillion yuan (about 3.87 trillion U.S. dollars) at the end of August, the country's central bank said.