Tag
#pboc
4 articles
China's Weak Economy Gets A Boost
In an unprecedented move aimed at invigorating China's weakening economy and reviving a sluggish stock market, the People's Bank of China (PBOC) has rolled out a comprehensive set of policy measures.
24 Sept 2024
China's Careful Boost
Friday the People's Bank of China announced that it would cut the reserve requirement ratio (RRR) for all banks by 50 basis points.
22 Jul 2021
China's Bitcoin Crackdown
China's central bank has called for the shutdown of a company that, "was suspected of providing software services for virtual currency transactions". The People's Bank of China also warned institutions not to provide other services related to virtual currency.
11 Jul 2021
Bitcoin Crashes Down And Growth Roars Back
Bitcoin tumbled over 10% on Monday, its biggest one-day drop in over a month. The selloff was sparked by the People's Bank of China (PBOC) urging the largest banks and payment companies in China to crack down harder on cryptocurrency trading.
30 Jun 2021
