China central bank releases slate of support measures amid a deepening economic slump
People's Bank of China Governor Pan Gongsheng is set to speak to reporters Tuesday alongside two other financial regulator heads.
China’s Central Bank Chief Is Task Master Xi Couldn’t Let Retire
Pan Gongsheng was axed from the Communist Party’s inner web last year. Then a slew of economic problems hit and the technocrat got a surprise promotion
China's central bank announces measures to address weak economy
China's central bank has announced far-reaching economic measures to address the country's weakening economy. People's Bank of China Governor Pan Gongsheng said the measures aim to lower interest rates on existing real estate loans.
China's Central Bank to Cut RRR, Key Rate, Mortgage Rates, Governor Says
People's Bank of China Governor Pan Gongsheng, speaking at a rare briefing Tuesday in Beijing, announced a sweep of measures to shore up the economy and the beleaguered property market. The central bank will boost banks' lending to consumers and corporates,
China’s central bank cuts rates and eases policy to boost property sector
China’s central bank has cut its benchmark interest rate as part of a broad set of easing measures to boost the world’s second-largest economy as it risks missing growth targets this year.People’s Bank of China governor Pan Gongsheng on Tuesday said the short-term seven-day reverse repo rate,
Alibaba: Re-Rating Catalysts Finally Kick In
A major Chinese monetary policy update this week has given rise to a re-rating catalyst for Chinese stocks like Alibaba. Read ...
China Puts a Band-Aid on Its Economy. It’s Still Missing the Real Problems.
Since taking the helm in July 2023, People’s Bank of China Gov. Pan Gongsheng had avoided giant stimulus bursts of the kind ...
China Cuts Interest Rates and Mortgage Down Payments
The country’s central bank also freed commercial banks to lend more money in a package of moves aimed at rekindling growth in ...
Factbox-China Rolls Out Broad Rate Cuts and Other Stimulus to Spur Weak Economy
China's central bank will cut banks' reserve requirement ratio (RRR) by 50 basis points in the near future, freeing up about ...
China unveils raft of measures to boost economy
China's central bank has unveiled a major package of measures aimed at reviving the country's flagging economy. People's Bank ...
Xi’s Economic Adrenaline Shot Is Only Buying China a Little Time
First he took a sip of tea to gather his composure. Then Chinese central banker Pan Gongsheng unleashed one of the country’s ...
The Chinese yuan surged to a 16-month high, but Beijing may not be happy about it
The US dollar to offshore Chinese yuan, or CNH rate fell to as low as 6.9951, the first time it breached the 7 per dollar ...
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PAN Gongsheng: PBOC to Reduce Mortgage Rates for Homes in Stock, Standardize Min. Down Payment Ratio for Mortgages
Pan Gongsheng, Governor of the People's Bank of China (PBOC), announced at a press conference of the State Council Information Office that the PBOC will lower the mortgage interest rates for ...
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China Implements Monetary Stimulus to Combat Deflation and Spur Growth
China's central bank introduced monetary stimulus and property market support in response to deflationary pressures and ...
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China Unleashes Stimulus Package to Revive Economy, Markets
For the nation’s stocks, Pan said the central bank will provide at least 800 billion yuan ($113 billion) of liquidity support, adding that officials were studying setting up a market ...
Property stocks in Hong Kong rally on mortgage stimulus
Hang Seng Mainland Properties Index surged as much as 5% after PBOC Gov. Pan Gongsheng announced several measures on Tuesday.