People’s Bank of China


China prepares to launch its own digital currency as Facebook’s Libra languishes

China is moving closer to releasing the world’s first government-backed digital currency. Li Wei, the head of technology for the People’s Bank of China, the central bank, said on ... Read More
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China to launch its own digital currency

The People’s Bank of China (PBoC) has done trial runs of its prototype cryptocurrency, taking the central bank a step closer to issuing digital money that can be used ... Read More

Two of China’s Biggest Bitcoin Exchanges Stop Bitcoin Withdrawals

Two of China’s most widely used bitcoin exchanges have announced that they will suspend bitcoin and litecoin withdrawals for one month effective immediately. Yuan recharge, withdrawals and other services ... Read More

The price of Bitcoin falls 10% as China plans to investigate exchanges

The price of bitcoin fell by around 10 percent after Chinese authorities announced plans to inspect bitcoin enterprises. The People’s Bank of China published an announcement this morning that ... Read More

The Stock Market Crash Of 2016: Stocks Have Already Crashed In 6 Of The World’s 8 Largest Economies

Over the past 12 months, stock market investors around the planet have lost trillions of dollars. Since this time last June, stocks have crashed in 6 of the world’s ... Read More

China’s central bank attempts to boost economy with cash injection

The People’s Bank of China has loosened rules on banks’ cash reserves for the fifth time in a year in the hope cheaper loans will be made available China’s ... Read More

China’s Central Bank Discusses Digital Currency Launch

The People’s Bank of China (PBoC), the country’s central bank, is moving toward the launch of its own digital currency. The PBoC said in a 20th January release that it had held ... Read More

China central bank says to keep reasonable credit growth, yuan stable

China’s central bank said on Monday that it would “flexibly” use various policy tools to maintain appropriate liquidity and reasonable growth in credit and social financing. The People’s Bank ... Read More

On the signing of the Memorandum of Understanding on Cooperation between the Central Bank of the Russian Federation and the People’s Bank of China

Heads of governments of Russia and China during their 20th Meeting, held in Beijing on December 17, 2015, welcomed the signing of the Memorandum of Understanding by Governor of ... Read More

London Wants to Become the Center of Chinese Currency Trading

PBOC official said to view London as likely renminbi hub Euronext study expects $5 trillion of Chinese investment Three years ago, Chinese officials said U.K. Prime Minister David Cameron had ... Read More
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