People`s Bank Of China News

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China lowers key interest rates to spur economic growth

News | Online & Mobile Banking | 25 Jul 2024

China has reduced its short and long-term interest rates to stimulate economic growth just days after a major Communist Party leadership meeting.

banks, financial institutions, interest rate, financial services

Bank of China tests SIM card NFC payments for e-CNY

News | Cryptocurrencies | 13 Jul 2023

The Bank of China has partnered with China Telecom and China Unicom to test SIM card NFC payments for the e-CNY in certain regions.

CBDC, NFC, digital payments, mobile payments

BNP Paribas partners Bank of China to promote the digital yuan

News | Cryptocurrencies | 08 May 2023

France-based bank BNP Paribas has partnered with the Bank of China to promote the digital yuan to corporate clients.

partnership, central bank, CBDC, digital assets

Chinese Central Bank introduces new financial asset risk rules

News | Online & Mobile Banking | 15 Feb 2023

The Chinese Central Bank has introduced new risk rules for financial assets of commercial banks, as well as new requirements for non-performing assets.

central bank, financial services, banks, risk management

China includes CBDC in its currency circulation report

News | Cryptocurrencies | 12 Jan 2023

The People’s Bank of China (PBC) has included in its currency circulation report the country’s central bank digital currency (CBDC), the e-CNY, also known as digital yuan.

report, CBDC, digital currency, digitalisation, crypto, digital banking, digital assets