On January 13, Pan Gongsheng, Governor of the People's Bank of China, delivered a speech at the opening ceremony of the Asian Financial Forum, expressing his support for the Hong Kong Monetary Authority to launch the RMB trade financing liquidity arrangement. On the basis of the existing RMB liquidity arrangement framework, use swap funds to add RMB trade financing liquidity arrangements for terms of 1 month, 3 months and 6 months, with a total amount of 100 billion yuan, providing a stable and ...
On January 13, Pan Gongsheng, Governor of the People's Bank of China, delivered a speech at the opening ceremony of the Asian Financial Forum, saying that he supports Bond Connect bonds as qualified collateral for Hong Kong financial marekt. In the early stage, we have announced that we support overseas institutions to use Bond Connect bonds to pay swap deposits, and this business will be officially launched today. In the future, we will support Bond Connect bonds as qualified collateral to be m...
On January 13, Pan Gongsheng, Governor of the People's Bank of China, said in his speech at the opening ceremony of the Asian Financial Forum that he will support the development of Hong Kong's capital markets and continue to deepen the interconnection of financial marekt between the two places. The prosperity and development of capital markets is the core and cornerstone of Hong Kong's international financial center. We will explore expanding the macro-prudential and financial stability functio...
On January 12, 2025, Pan Gongsheng, Governor of the People's Bank of China, met with Andrew Bailey, Governor of the Bank of England, who was in China to attend the 11th China-UK Economic and Financial Dialogue. The two sides exchanged views on the economic and financial situation, financial stability, financial cooperation and other economic and financial issues of common concern. Deputy Governor of the People's Bank of China Xuan Changneng attended the meeting.
On January 12, 2025, Pan Gongsheng, Governor of the People's Bank of China, met with Du Jiaqi, Chairperson of HSBC Group, Howard Wilkes, Chairperson of Standard Chartered Group, and David Schwimmer, CEO of London Stock Exchange Group, who came to Beijing to attend the 4th China-UK Financial Services Summit. The parties exchanged views on the global economic and financial situation, China's macroeconomic and financial policies, and China-UK financial cooperation.
On December 29th, since the beginning of this year, the policy adjustment has not been small. How much room is there in the future? "After the implementation of the RRR cut policy, the average deposit reserve ratio of the banking industry is about 6.6%. Compared with the central banks of major economies in the world, there is still some room for this level." Pan Gongsheng, governor of the People's Bank of China, said. Referring to the next policy considerations, Pan Gongsheng said: "Increase the...
On December 5, Pan Gongsheng, Governor of the People's Bank of China, met with Lawrence Fink, Chairperson and CEO of BlackRock Group of the United States. The two sides exchanged views on the global economic and financial situation and China's macroeconomic policies.
2024 Financial Street Forum Annual Meeting was held, central bank governor Pan Gongsheng announced heavy news, Wu Qing and other bosses to bring what important content?
On September 24th, Pan Gongsheng, the governor of the People's Bank of China, said that the central bank will optimize the policy of affordable housing refinancing, and the proportion of central bank funding support in the previously created 300 billion yuan affordable housing reloan will be increased from 60% to 100%.
On September 24th, Pan Gongsheng, the governor of the People's Bank of China, said that the People's Bank of China will support the acquisition of the stock land of real estate enterprises. On the basis of using some local government special project bonds for land reserves, we will study allowing policy banks and commercial banks to lend to support the market-oriented acquisition of real estate land by conditional enterprises, revitalize the stock land, and ease the financial pressure of real es...
On September 24th, the State Council Information Office held a press conference on September 24th. Pan Gongsheng, governor of the People's Bank of China, said at the meeting that the time limit of the two real estate financial policy documents was extended. Previously, the People's Bank of China and the General Administration of Financial Supervision issued two phased policies of financial 16 and operational property loans. The valid period of the two policies will be extended from December 31, ...
On September 24th, Pan Gongsheng, Governor of the People's Bank of China, said that the monetary policies of major economies have been adjusted recently, and the pressure on the depreciation of the RMB exchange rate has eased significantly. The 50 basis points cut by the Federal Reserve is the first interest rate cut after the interest rate hike cycle in the past few years. The monetary policies of major economies have entered the interest rate cut cycle, and the appreciation momentum of the US ...
On September 24th, the State Council Information Office held a press conference on September 24th. Pan Gongsheng, the governor of the People's Bank of China, said at the meeting that in response to the recent manipulation of prices, lending accounts, and transfer of benefits in the bond market, the People's Bank of China will increase the investigation and punishment of violations of laws and regulations in the bank bond market and announce them to the public in a timely manner.
On September 24th, referring to the establishment of a stabilization fund, Pan Gongsheng, governor of the People's Bank of China, said in response to questions that he is studying it.
On September 24th, Pan Gongsheng of the People's Bank of China said that for the first time, the People's Bank of China has created structural monetary policy tools to support capital markets. One of them is the swap facility for securities, funds and insurance companies, which supports qualified securities, funds and insurance companies to use their own bonds, stock ETFs and CSI 300 stocks as collateral to exchange highly liquid assets such as government bonds and central bank bills from the ce...