China central bank releases slate of support measures amid a deepening economic slump
Beijing will cut the amount of cash banks need to have on hand, known as the reserve requirement ratio, or RRR, by 50 basis points in the near term, People's Bank of China Gov. Pan Gongsheng said.
China's central bank goes big with monetary easing
The new actions show the government's resolve to get growth back on track — but also the limits of the policy tools it's willing to use to achieve that goal.
China’s central bank tries to save the economy—and the stockmarket
A s China’s economy has descended into deflation, the central bank’s lack of urgency has been a source of frustration. Officials at the People’s Bank of China (PBoC) at firs
China's Central Bank Signals More Rate Cuts Amid Economic Slowdown, RRR to Drop by 50 BPS
The Peoples Bank of China plans to cut the reserve requirement ratio by 50 basis points, with further reductions expected by year-end. Governor Pan Gongsheng suggested additional rate cuts, including a reduction in
Global Markets Surge Amid China’s Stimulus Measures
Global stock indexes and commodities saw significant gains after China announced economic stimulus measures. The Dow, S&P 500, and Nasdaq reached record highs as mining stocks surged, driven by lowered borrowing costs and other economic support measures from China.
China rolls out broad rate cuts and other stimulus to spur weak economy
China announced a broad range of stimulus measures on Tuesday to support the faltering economy, stabilise the housing sector and restore market confidence. Stocks and bonds jumped after the announcement.
China’s stock market surges as central bank unleashes biggest stimulus since pandemic
China’s stock market surged the most in more than two years and industrial commodity prices bounced after Beijing on Tuesday unleashed a swathe of stimulus measures.
China cuts rates, rolls out other moves to help the slowing economy
China has rolled out a raft of measures aimed at countering a prolonged downturn in its property market that is dragging on the world's second largest economy.
China's central bank cuts bank reserve rates, pledges other moves to help the economy
The Chinese central bank has reduced the amount of reserves banks are required to keep, among other moves it is rolling out to help revive the slowing economy
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Rate cuts set to boost market confidence
Pan Gongsheng, governor of the People's Bank of China, the nation's central bank, said at a news conference on Tuesday that ...
Xi’s Economic Adrenaline Shot Is Only Buying China a Little Time
First he took a sip of tea to gather his composure. Then Chinese central banker Pan Gongsheng unleashed one of the country’s ...
China unveils raft of measures to boost economy
China's central bank has unveiled a major package of measures aimed at reviving the country's flagging economy. People's Bank ...
China property stocks rally on homes mortgage stimulus
Hang Seng Mainland Properties Index surged as much as 5% after PBOC Gov. Pan Gongsheng announced several measures on Tuesday.
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PAN Gongsheng: PBOC to Reduce Mortgage Rates for Homes in Stock, Standardize Min. Down Payment Ratio for Mortgages
Pan Gongsheng, Governor of the People's Bank of China (PBOC), announced at a press conference of the State Council ...
China’s Central Bank Chief Is Task Master Xi Couldn’t Let Retire
Pan Gongsheng was axed from the Communist Party’s inner web last year. Then a slew of economic problems hit and the ...
Asia-Pacific markets climb with China's central bank in focus; S&P and Dow set fresh records
The People's Bank of China will hold a press conference at 9 a.m. local time after cutting a short-term lending rate.