In July 2015, the People's Bank of China, the Ministry of Public Security, the Ministry of Finance and other ten departments jointly issued the"Guiding Opinions on Promoting the Healthy Development of Internet Finance".
So instead of relying on monthly surveys of businesses, or collations of spending from the statistics authority, the PBOC and therefore the government would have real-time readings on the pulse of consumers.
The People's Bank of China, the central bank, cut its daily reference rate by 0.15 percent to 6.5032 yuan to the dollar, the weakest level since May 2011.
A separate Feb. 4 report from Chinese-language news service Xinhua and published on bitcoin social media site 8btc, cites a statement from the People's Bank of China regarding the overseas website ban.
At the National People's Congress held in March 2014, Zhou Xiaochuan, the governor of the People's Bank of China, suggested that deposit rates would be completely liberalized within one to two years.
Officials from the People's Bank of China have hinted in recent weeks that the nation is almost ready to launch a digital version of its currency, the renminbi, to replace physical cash with consumer payments.
A report from Financial News, a website tied to the People's Bank of China(the country's central bank), indicates that authorities there are stepping up a crackdown that began roughly a year ago.
These pose major challenges to achieving fairer and more balanced trade and we will continue to monitor and review China's currency practices, including through ongoing discussions with the People's Bank of China.”.
In order to effectively prevent the risks in the virtual currency field in a timely manner, since September 2017, the People's Bank of China and 7 other relevant departments have guided local governments to clean up and rectify virtual currency trading sites.
GDP is calculated based on data collected from statistical reports from different sectors, as well as by collecting administrative data(from tax authorities, the Ministry of Finance, Insurance Regulatory Commission, the People's Bank of China, etc.).
Zhou Xiaochuan, governor of the People's Bank of China, stressed that"Investment and financing shouldn't be understood as one-way support," calling for the diversification of financial schemes, such as cooperation among multilateral commercial banks and efficient use of the domestic savings of countries along the Belt and Road.
The governor of the People's Bank of China voiced criticism of virtual currency in a recent press conference where he announced regulators would apply more scrutiny to crypto exchanges out of concern that market speculation will threaten the stability of domestic markets.
In an op-ed published by a local news source on Tuesday, Di Gang, deputy head of the digital currency research lab at the People's Bank of China, said the department has“completed the infrastructure of a system that issues digital checks based on a blockchain with smart contracts technology.”.
Data from the People's Bank of China(PBC), shows that the policy measures have reduced the global share of the yuan in bitcoin transactions“without any risks” from 90 percent to below one percent, a drop of roughly 99 percent.
In addition, all existing regulations on cash management, anti-money laundering, anti-terrorism financing, etc. should be observed, and large and suspicious transactions in digital cash of the People's Bank of China should be reported to the People's Bank of China.
At the same time, we should abide by all the current regulations on cash management and anti-money laundering, anti-terrorism financing, and report to the Peoples Bank of China on large-scale and suspicious transactions in digital currency.
On September 4, 2017, the People's Bank of China, and other seven ministries and commissions, issued the“Announcement on Preventing the Risk of Subsidy Issuance Financing”(hereinafter referred to as the“Announcement”), clearing up the ICO and virtual currency trading venues, and the scale of domestic virtual currency transactions at large.
As for fixed asset investment, which continued to show high growth, one member said that it was at a stage where it would be appropriate to examine the effects of a series of measures to contain the overheating of the economy, including the raising of the central bank benchmark deposit and lending rates by the People's Bank of China at the end of October.
At the third quarterly meeting in 2011 of the People's Bank of China Monetary Policy Committee, which was announced on September 30, 2011, the expression used to describe inflationary pressure was toned down somewhat from"remained high" to"moderated but remaining high"(the website of the People's Bank of China, September 30, 2011).
English
中文
عربى
Български
বাংলা
Český
Dansk
Deutsch
Ελληνικά
Español
Suomi
Français
עִברִית
हिंदी
Hrvatski
Magyar
Bahasa indonesia
Italiano
Қазақ
한국어
മലയാളം
मराठी
Bahasa malay
Nederlands
Norsk
Polski
Português
Română
Русский
Slovenský
Slovenski
Српски
Svenska
தமிழ்
తెలుగు
ไทย
Tagalog
Turkce
Українська
اردو
Tiếng việt