# People's Bank of China
Latest news and articles about People's Bank of China
Total: 23 articles found
China's Money Supply Rises as Deposits Flood In but Credit Growth Remains Modest
The People's Bank of China reported 9% year‑on‑year M2 growth at end‑February and Rmb9.26 trillion of new yuan deposits in the first two months of 2026, while net new RMB loans rose Rmb5.61 trillion. Abundant liquidity has lowered short‑term market rates, but the structure of financing—larger government bond share and modest private credit uptake—highlights uneven demand for credit and active fiscal financing.
China’s Central Bank Keeps Buying Gold as Reserves Top $3.4 trillion — A Bid to Hedge the Dollar
China’s foreign‑exchange reserves rose to $3.4278 trillion at the end of February 2026 while the People’s Bank of China extended a 16‑month streak of gold purchases, bringing its holding to 74.22 million ounces. Beijing’s strategy reflects reserve diversification amid de‑dollarisation pressures, geopolitical uncertainty and a desire to shore up long‑term external stability.
PBOC Moves to Rein In Firms’ Accounts‑Receivable Practices to Protect SMEs and Financial Stability
The People’s Bank of China has begun tightening rules on how large firms manage electronic accounts‑receivable vouchers, aiming to curb opaque supply‑chain finance practices that can mask leverage and hurt SMEs. The move follows prior engagements with automakers and builds on 2025 guidance limiting the term of electronic receivables, signalling Beijing’s effort to prioritise financial stability while protecting small suppliers’ access to credit.
PBoC Signals Continued Credit Ease to Back Growth as Zhejiang Tech Boom Boosts Markets
PBoC Governor Pan Gongsheng said the central bank will keep monetary policy appropriately loose and maintain relatively easy social financing to support growth, while cracking down on irregularities in accounts‑receivable financing and coordinating more closely with fiscal authorities. The stance aims to sustain credit access for firms — especially a booming tech sector in Zhejiang — while addressing risks from opaque financing channels.
China’s Economic Stewards Deliver a Reassuring, Targeted Playbook: Fiscal Push, Market Reform and a Firm RMB
At a high-profile economic press session, China’s top economic managers signalled a cautious but constructive approach: targeted fiscal-financial support, equity-market reform, steady financial opening and a firm stance on the currency. The package prioritises market confidence and structural adjustments over broad stimulus, leaving impact contingent on implementation and private-sector response.
China Signals Policy Easing as Markets Rally and Tech Firms Double Down on AI and Robotics
Beijing has signalled a more accommodative monetary stance for 2026 while markets rallied and major tech firms ramped hiring and automation pilots. Policymakers are combining demand stimulus with an aggressive push into AI and industrial robotics, even as operational risks in globalised supply chains persist.
China Signals Steady Support as Oil Spike and Middle East Tensions Roil Global Markets
China’s government set a 2026 growth target of 4.5–5% and plans to issue 1.3 trillion yuan in long‑term special bonds while keeping policy moderately loose and injecting 800 billion yuan of short‑term liquidity. The moves come as oil prices spiked on Middle East tensions, pushing global markets lower and underscoring the intersection of Beijing’s domestic stabilisation strategy with external geopolitical risks.
Tungsten Quadruples as Funds Rally and Beijing Eases FX Rules — Markets Reprice Risk After Middle East Shock
Heightened Middle East conflict has pushed oil and precious metals higher and unsettled markets, while China’s central bank cut its forward FX reserve requirement to zero to lower hedging costs and stabilise the yuan. Domestic equities have rebounded sharply, commodity prices — notably tungsten — have spiked, and big flows into robotics and AI are reshaping investment priorities amid a wider debate over the timing of returns from new technology.
Offshore Renminbi Strengthens Beyond 6.84 as Post‑Holiday Rally Continues
The offshore renminbi strengthened to 6.83605 on February 26 as market sentiment, a softer dollar and heavy exporter FX settlements bolstered the currency. Analysts expect continued near‑term strength but caution that policy guidance and seasonal flows could moderate the one‑sided appreciation through 2026.
Yuan’s Post‑Holiday Rally Reaches 2023 Highs — Beijing Signals Vigilance as Policy Shifts
The yuan has rallied sharply since the Lunar New Year, pushing to its strongest levels versus the dollar since April 2023 as onshore and offshore rates break 6.87. Analysts attribute the move to improving Sino‑US ties, dollar weakness amid U.S. political turbulence, and accelerated export settlements, while the PBOC has signalled a readiness to use the exchange rate as an automatic stabiliser and to step in if moves become disorderly.
China’s Credit Surge and Low Borrowing Costs Propel a Steady Start to 2026
China opened 2026 with a notable expansion of credit and money supply: January M2 grew 9.0% year‑on‑year while social financing rose 8.2%. Government bond issuance and a significant rise in bank lending—particularly medium‑ and long‑term corporate loans—underpinned the pickup, while financing costs remained low, supporting firms and infrastructure projects.
PICC Faces Wave of Regional Fines as Regulators Flag Widespread Compliance Failures
PICC Property and Casualty has received at least 15 regulatory penalties since the start of 2026, with regional branches fined for falsified data, misuse of policy terms, fabricated intermediary fees and refusal to accept cash. Regulators have issued fines, warnings and long-term industry bans, exposing systemic weaknesses in internal controls across the insurer’s local operations.