people’s bank of china

PBOC Pledges Loans to Protect Supply Chain

PBOC Pledges Loans to Protect Supply Chain
PBOC Pledges Loans to Protect Supply Chain
April 15, 2022  |  B2B Payments

The People’s Bank of China (PBOC) has pledged financial backing for trucks and logistics companies amid the country’s worst COVID outbreak in two years. Get...

READ MORE >
PBOC Says Number of High-Risk Banks to Fall as It Cracks Down
PBOC Says Number of High-Risk Banks to Fall as It Cracks Down
March 03, 2022  |  Banking

The People’s Bank of China (PBOC) said Thursday (March 3) that it expects to see a continuing drop in the number of high-risk banks across...

READ MORE >
Bitcoin Use Suffers Steep Decline in China
Bitcoin Use Suffers Steep Decline in China
March 03, 2022  |  Cryptocurrency

Bitcoin transactions originating from China fell to 10% from 90% of the global total, the country’s central bank said Thursday (March 3). Get the Full...

READ MORE >
China’s X-Border CBDC Ambitions Will Bring Digital Yuan to Broader Global Stage
China’s X-Border CBDC Ambitions Will Bring Digital Yuan to Broader Global Stage
February 08, 2022  |  CBDC

Beyond retail, beyond the confines of its own borders, China is eyeing bringing its central bank digital currency (CBDC) to a broader world stage. Get...

READ MORE >
China’s Meituan to Allow CBDC Payments
China’s Meituan to Allow CBDC Payments
January 28, 2022  |  CBDC

China’s food delivery service Meituan has become the latest tech firm to let customers use central bank digital currency (CBDC) payments. Get the Full Story...

READ MORE >
China to Renew Money Laundering Crackdown
China to Renew Money Laundering Crackdown
January 26, 2022  |  Legal & Regulation

After stepping up enforcing regulations in recent years, China is planning to launch a nationwide crackdown on money laundering, Bloomberg reported. Get the Full Story...

READ MORE >
PBOC Puts Limits on Commercial Financing
PBOC Puts Limits on Commercial Financing
January 14, 2022  |  Cross-border Payments

The People’s Bank of China (PBOC) has published new rules designed to place a cap on bank’s commercial financing operations, while also bolstering risk management...

READ MORE >
PBOC Has Open Banking, Supervision, Regulation on 2022-2025 FinTech Agenda
PBOC Has Open Banking, Supervision, Regulation on 2022-2025 FinTech Agenda
January 10, 2022  |  Cross-border Payments

On Friday (Jan. 7), the People’s Bank of China released its Financial Science and Technology Plan for 2022-2025, which aims to support the growth of...

READ MORE >