The PBOC is scheduled to cut the targeted required reserve ratio on May 15, by 0.5 percentage point, to inject liquidity to the financial sector and lower financing costs.
The PBOC will endeavor to maintain reasonable growth in credit and social financing and keep appropriate liquidity, it said in a statement issued after a quarterly meeting.
The National Anthem Bill proposed by the special administrative region government stipulates that people who publicly and intentionally insult the Chinese national anthem, March of the Volunteers, may face a maximum fine of HK,000 (,451) and three years in prison.
The New International Land-Sea Trade Corridor is a trade and logistics passage jointly built by western Chinese provincial regions and the Association of Southeast Asian Nations (ASEAN) countries including Singapore. The corridor now connects 234 ports in 92 countries and regions.
The Mortgage Bankers Association reported Thursday that mortgage applications were up 8 percent for the week ending June 12 compared with one week earlier. Purchase prices and the number of sales also increased, the Washington-based trade association said.
The PBOC dismissed any huge effect from slowing M2, saying systemic risks were reduced and capital chains were shortened.
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The Mobile Service Tower is rolled back to reveal the United Launch Alliance Delta IV Heavy rocket with NASA's Parker Solar Probe onboard at Cape Canaveral, Florida, US, Aug 11, 2018. [Photo/Agencies]
The Ministry of Finance, China Securities Regulatory Commission (CSRC), and Securities and Futures Commission (SFC) in Hong Kong agreed on Wednesday to allow the SFC to view auditing records of mainland companies listed in Hong Kong.
The New Zealand-based dairy giant debuted cheese bars that are meant to appeal to Chinese children. This is in line with China's consumption growth and pursuit of quality products that are healthier and more nutritious, Spurway said.
The PBOC suspended reverse repo operations for the 36th consecutive trading day.