China’s central bank has instructed key commercial banks to cut U.S. dollar deposit rates ... Those lower deposit rates are meant to make dollar savings relatively less attractive and prod ...

China's central bank will not allow sharp yuan declines and has asked major state-owned banks to reduce U.S. dollar purchases ...

China's central bank will not allow a significant decline of the yuan and has urged major state-owned banks to scale back U.S. dollar purchases.

Pan Gongsheng, governor of the People’s Bank of China (PBOC), also reiterated pledges to cut interest rates and the reserve requirement ratio (RRR) for commercial banks to boost economic growth ...

closed up 3.6% in Shanghai and Bank of China rose 1.8%. Bank of Communications (BoCom) increased 1.2% and Postal Savings Bank of China (BoC) rose 0.2%. These state-owned banks said on Sunday they ...

BEIJING (Reuters) -New bank lending in China tumbled more than expected in ... Central bank Governor Pan Gongsheng also reaffirmed a pledge to cut interest rates and inject liquidity into the ...