People's Bank of China
PBOCNews
China, Japan and Korea governors review economic developments
Governors of the People's Bank of China (PBOC), Bank of Japan (BOJ) and Bank of Korea (BOK) met in Bangkok on October 14, 2026.
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PBOCNews
First-home buyers get 1 percentage point mortgage subsidy
On September 29, 2026, the Ministry of Finance (MOF), People's Bank of China (PBOC) and National Financial Regulatory Administration (NFRA) introduced mortgage interest subsidies for eligible first-home buyers.
PBOCNews
First-home mortgage rates subsidized by 100 basis points
A nationwide interest subsidy of 1 percentage point will apply to newly issued first-home mortgages for up to five years starting October 1, 2026.
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PBOCNews
Pan Gongsheng meets French advisor Bonne on economic cooperation
People's Bank of China Governor Pan Gongsheng met with Emmanuel Bonne, diplomatic advisor to the French president, on October 9, 2026.
PBOCNews
China denies currency manipulation, defends market-based yuan
The People's Bank of China published a statement on October 8, 2026, rejecting claims that it manipulates the RMB exchange rate for trade advantage.
PBOCNews
PBOC maintains accommodative stance amid demand gap
The People's Bank of China's Monetary Policy Committee held its 114th meeting on September 19, chaired by Governor Pan Gongsheng, and reaffirmed an appropriately accommodative policy stance.
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PBOCNews
PSL rate cut to 1.5 percent as targeted lending quotas expand
The People's Bank of China has cut the one-year Pledged Supplementary Lending rate by 25 basis points to 1.5 percent and expanded targeted lending quotas by RMB700 billion.
PBOCNews
Pan Gongsheng meets EU Ambassador on bilateral financial ties
People's Bank of China Governor Pan Gongsheng met with European Union Ambassador to China Caspar Veldkamp on September 29, 2026.
PBOCNews
Pan meets Hong Kong officials on offshore RMB and market links
People's Bank of China Governor Pan Gongsheng met with a high-level Hong Kong delegation led by Financial Secretary Paul Chan Mo-po on September 21, 2026.
PBOCData
Ten-year government bond yield falls to 1.69 percent in August
China's interbank bond market custody expanded to RMB209.0 trillion in August 2026, while the 10-year government bond yield closed at 1.69 percent.
PBOCNews
Pan pledges accommodative policy and wider market opening
The People’s Bank of China will implement an appropriately accommodative monetary policy and expand financial market opening.
PBOCNews
China and Laos launch cross-border digital payment link
The People's Bank of China and the Bank of the Lao P.D.R. launched the China-Laos Cross-Border Digital Payment Connect in Nanning on September 18, 2026.