China's Central Bank Holds Key Policy Rates Steady -- Update

China's central bank kept key policy rates unchanged on Monday, indicating a likely hold on the country's benchmark lending rate later this month even as signs of economic weakness raise expectations that easing may be in the pipeline.

Dow JonesJul 15 02:55 ET

Citic sec: Optimizing the LPR mechanism to improve the quality and efficiency of finance.

Currently, OMO has gradually become the core of policy interest rates. Optimizing loan pricing benchmarks can help improve interest rate transmission efficiency, balance the goals of the money and credit markets, alleviate the impact of asynchronous pricing of deposits and loans, and help stabilize bank interest margins.

Zhitong FinanceJul 14 21:27 ET

HTSC: An analysis of the potential direction of consumer tax reform.

According to a research report published by htsc on the Zhitong Finance App, the reform of consumption tax may focus on adjusting the taxation scope and tax rate, discretionary delay in the collection process, moderate downward shift of income distribution to marginally alleviate local fiscal gaps, but with relatively mild macro-level impacts.

Zhitong FinanceJul 9 01:57 ET

PBOC to Conduct Temporary Repo, Reverse Repo Operations

By Dow Jones Newswires China's central bank has said that it will conduct temporary open market operations in the afternoon, on top of its traditional morning operations, in a bid to improve their ef

MarketWatchJul 7 21:11 ET

China's Current Account Surplus Reaches 281 Billion Yuan in Q1

China logged a current account surplus, or the surplus from the country's foreign payments and receivables, of 281.4 billion yuan, in the first quarter, according to data by the State Administration of Foreign Exchange released Friday.

MT NewswiresJun 30 23:01 ET

State Administration of Foreign Exchange: in May, banks completed CNY 1.25 trillion in foreign exchange purchases, and CNY 1.36 trillion in foreign exchange sales.

On June 17, the State Administration of Foreign Exchange released the data for May 2024 on bank foreign exchange transactions and bank customers' foreign exchange payment and receipt.

Zhitong FinanceJun 17 05:05 ET