people’s bank of china

People’s Bank Of China Ramps Up Crypto Development
People’s Bank Of China Ramps Up Crypto Development
August 04, 2019  |  Cryptocurrency

China’s central bank, the People’s Bank of China (PBoC), announced that it has accelerated the development of its own cryptocurrency, reported Cointelegraph on Sunday (Aug....

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China To Help Smaller Banks Retain Liquidity
China To Help Smaller Banks Retain Liquidity
June 10, 2019  |  Bank Regulation

China’s central bank announced over the weekend it plans to use several tools to keep liquidity in the market and that it will provide liquidity...

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Post-Baoshang Takeover, China Aims To Reassure Investors
Post-Baoshang Takeover, China Aims To Reassure Investors
June 02, 2019  |  Bank Regulation

China’s Central Bank said over the weekend that there won’t be any more takeover of banks after the government’s intervention with Baoshang Bank, an Inner...

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People’s Bank Of China To Regulate FinTech
People’s Bank Of China To Regulate FinTech
March 18, 2019  |  Regulation

The People’s Bank of China (PBOC) announced that it is planning to steadily develop a system of rules to regulate financial technology (FinTech) in the...

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Chinese Banks Reined In Lending In February
Chinese Banks Reined In Lending In February
March 10, 2019  |  South East Asia

Banks in China reined in lending in February coming off a record high at the start of 2019, reported The Wall Street Journal. The report, citing...

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Mastercard In Renewed China Push
Mastercard In Renewed China Push
February 22, 2019  |  International

Mastercard, in an effort to gain entry into the Chinese market, is looking toward a joint venture that may help the card giant get a...

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Chinese Gov’t Bolsters Rural Economies With Mobile Payments
Chinese Gov’t Bolsters Rural Economies With Mobile Payments
February 22, 2019  |  International

In an effort to strengthen the economy in hamlets and small cities, China is looking to make mobile payments commonplace in rural places prior to...

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Mastercard To Apply For China Payments License
Mastercard To Apply For China Payments License
January 27, 2019  |  Mastercard

Mastercard, the payments company, said late last week that it is still committed to operating in China. In a press release, Mastercard said that it...

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China Puts Visa, Mastercard Applications On Hold
China Puts Visa, Mastercard Applications On Hold
January 14, 2019  |  International

China’s central bank has yet to acknowledge applications submitted by Visa and Mastercard that would allow the companies to process renminbi payments. Citing sources familiar...

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