Peoples Bank Of China

Bitcoin tumbles after China declares all cryptocurrency transactions illegal

The price of Bitcoin fell more than 9 percent, to $41,085, in the hours after the announcement, as did most other crypto tokens. Ethereum skidded almost 10 percent, falling from $3,100 to around $2,800

China's factory prices fall to 4-year low in April; weakening industrial demand as virus pandemic slams global growth

Data released last week showed China’s exports unexpectedly grew in April from a year earlier, although a sharper-than-expected decline in imports signalled weak domestic demand.

China cuts benchmark lending rate to 3.85% from 4.05% for second time this year; move to prop up coronavirus-hit economy

The move was the second cut to the lending benchmark rate this year, and the latest reduction in one of China’s key lending rates.

Changes in FDI rules necessary to ensure no Indian entity is shortchanged during COVID-19 pandemic, especially by 'opportunist' China

With its new FDI rules, the Government of India has decided to ensure that the country comes out of the COVID-19 pandemic with its industries and entities intact and still in Indian control

China's central bank cuts medium-term borrowing costs by 20 bps; steps up fight against coronavirus pandemic

The People’s Bank of China (PBOC) said it was lowering the one-year medium-term lending facility (MLF) loans to financial institutions to 2.95 percent, the lowest level since the liquidity tool was introduced in September 2014, down 20 basis point from 3.15 percent previously.

China September factory activity shrinks for fifth straight month; analysts expect growth could slow further this quarter

China's manufacturing sector has done poorly in recent months due to weak domestic demand and higher trade tariffs

China to scrap ownership limits for foreign investors in financial sector in 2020; will also open manufacturing sector

China also will further open its manufacturing sector, including the auto industry, while reducing its negative investment list that restricts foreign investment in some areas

BSE, NSE closed for Id-ul-Fitr; Asian stocks bounce on Wall Street's Fed cheer; dollar stays weak

The benchmark BSE Sensex closed down 0.46 percent at 40,083.54 on Tuesday. The broader NSE Nifty ended 0.55 percent lower at 12,021.65.

Asian stocks follow Europe down as fears grow over global economy, US-China trade tensions

Speculation is growing that the People's Bank of China will again cut the level of cash that banks must hold in reserve, in a fresh bid to lower financing costs and blunt the economic impact of the trade dispute with the US

As trade war looms, China cuts some banks' reserve requirements to boost lending

The reserve reduction, the third by the central bank this year, had been widely anticipated by investors amid concerns over market liquidity and a potential economic drag from a trade dispute with the United States.