People's Bank of China
The People's Bank of China was established on December 1, 1948 based on the consolidation of the Huabei Bank, the Beihai Bank and the Xibei Farmer Bank. In September 1983, the State Council decided to have the bank function as a central bank.
See below for the Latest People's Bank of China News, Analysis, Profit Results, Share Price Information, and Commentary.
Chinese banks' profitability to stabilise as margin pressure eases
Chinese banks' profitability to stabilise as margin pressure eases
Stable policy rates and less intense funding will alleviate pressure, said S&P Global Ratings.
Chinese banks’ assets rise 6.6% in Q2
Insurance assets’ growth outpaced that of banks during the quarter.
Hong Kong, China and Indonesia ink MOU to boost rupiah-renminbi transactions
They will establish a cooperation framework.
Hong Kong and China expand Northbound Swap Connect to US$6.3b
It also expanded the list of dealers and is expanding repo business activities.
China renews bilateral swap agreement with ECB, Switzerland, & Hungary
The agreements are valid between three to five years.
China and Azerbaijan’s central banks ink cooperation MOU
They aim to strengthen bilateral financial cooperation, amongst others.
China and New Zealand renew currency swap facility
It is valid for 5 years and has been renewed three times before.
Chinese yuan loans, deposits rose in H1 2025
Outstanding yuan loans grew 7.1% to $37.41t.
China and Egypt strengthen cooperation on settlements, CBDCs
They are enhancing cooperation in local currency settlement.
Hong Kong, China launch Payment Connect for faster cross-border payments
Supported services include instant remittance services, amongst others.
China and Indonesia expand scope of bilateral transaction cooperation
They will establish a framework to promote bilateral transactions in local currencies.
China, Indonesia renew bilateral swap agreement
The agreement is valid for 5 years.
Deposits in China rise 6.4% from households, NBFI deposits
RMB deposits rose over 2 trillion dollars from households and NBFIs.
Loans in China rise 7.2% in Dec 2024
Outstanding renminbi loans grew, but foreign currency loans dropped.
DBS welcomes deepening financial market ties between Hong Kong, China
It will broaden overseas investment channels for mainland institutional investors, a DBS managing director said.
UOB, SGE ink MoU to deepen gold market cooperation
UOB is the only bank providing gold products in Singapore.
China's financial sector intensifies efforts to stabilise economy
The transformation of the monetary policy framework has also accelerated.
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