# People's%20Bank%20of%20China
Latest news and articles about People's%20Bank%20of%20China
Total: 30 articles found
China Declares All Crypto-Related Business Illegal, Bans RMB-Pegged Stablecoins Abroad and Tightens Mining Crackdown
China’s central bank and seven other ministries declared virtually all crypto-related business illegal, tightened rules on internet platforms and company registrations, and prohibited the overseas issuance of renminbi‑pegged stablecoins without approval. The coordinated notice widens enforcement to include platform takedowns, mining curbs and potential criminal prosecution, closing formal onshore channels for crypto trading and tokenisation.
PBOC Signals Targeted Credit Push for Tech, Consumption and SMEs While Urging Market-Based Cleanup of Local Debt
The People's Bank of China set a 2026 agenda of targeted credit support for strategic sectors — including technology, green projects, consumption and SMEs — while pressing ahead with market-based resolution of local government financing platform debt. The central bank signalled a calibrated approach that pairs sectoral credit expansion with ongoing risk containment and closer fiscal coordination.
Xi Maps a State‑Led Road to a ‘Financial Power’: Stability, Party Control and Global Ambitions
In a Qiushi essay, Xi Jinping outlines an eight‑point framework for building China into a global financial power that blends market reforms with firm Party leadership. The plan lists the institutional elements of financial strength — from an internationally used currency to robust regulation and talent — while insisting that development remain politically guided and risk‑averse.
Beijing Extends and Expands Loan Interest Subsidies to Boost Service Consumption Through 2026
China has extended a fiscal loan interest‑subsidy scheme for service businesses through the end of 2026, raising the 2026 per‑borrower subsidy cap to RMB 10 million and widening eligible sectors to include digital, green and retail. The move aims to mobilise bank lending and central fiscal resources to revive consumption while imposing stricter oversight and faster settlement procedures.
China Holds Fire on LPR for Eighth Month as Markets Brace for Possible Q2 Rate Cut
China left its LPR unchanged for an eighth straight month on January 20, with the one‑year rate at 3.00% and the five‑year+ at 3.50%. Forecasters warn that worsening export pressures from higher U.S. tariffs could prompt Beijing to follow early targeted easing with a broader policy rate cut in Q2, which would likely push mortgage and corporate lending rates lower.
Beijing Lowers Down‑Payment Floor for Commercial Property to 30% — A Targeted Stimulus for a Stalled Market
China's central bank and national financial regulator have lowered the minimum down payment for commercial property purchases to 30%, allowing provincial regulators to set higher city‑level floors. The measure aims to ease inventory pressures in the commercial sector but faces limits given structural demand weakness and potential risk to bank balance sheets.