The People's Bank of China has held rates steady with a struggling yuan and widening bond yields the key factors in the central bank’s decision to stand firm
Household savings in China soared 9.9 trillion yuan in the first quarter, after record growth of 17.8 trillion yuan last year
"Achieving carbon neutrality requires 'carrots and sticks'," People's Bank of China Governor Yi Gang said
In the wake of the Silicon Valley Bank collapse, China’s central bank has promised to focus its gaze on its own vulnerable small- and medium-sized financial outfits
Yi Gang's re-appointment "shows China wants to at least have a dialogue with the United States on monetary policy and financial cooperation," experts say
The Central Financial Work Commission, which would be directly under central party leadership, would take on a direction-setting role for the economy
This was Yellen's first in-person conversation with a top Chinese economic official amid lingering tensions between Washington and Beijing
The People's Bank of China will initially issue about 200 billion yuan of low-interest loans, charging about 1.75% a year, to state commercial banks
China's central bank oversaw the tiniest daily cash infusion since January 2021, with just 2 billion yuan ($296 million) added through seven-day reverse repos on Wednesday
China's $20 trillion bond market has suffered continuous foreign outflows since February amid rising geopolitical tension and lingering Covid outbreaks
Chinese banks have issued a total of 800 million credit cards as of the end of 2021, with outstanding loans totalling 8.62 trillion yuan ($1.29 trillion), according to the central bank
China's central bank injected 100 billion yuan ($14.95 billion) worth of seven-day reverse repos, the biggest daily injection via the liquidity tool since March 31