China issues 10.06 trillion yuan in new loans in first four months
China issued 10.06 trillion yuan (about 1.39 trillion U.S. dollars) in new yuan-denominated loans in the first four months of 2025, central bank data showed on Wednesday. At the end…
China to cut policy rate by 0.1 percentage points from Thursday
China’s central bank announced on Wednesday to cut the rate for the seven-day reverse repos by 0.1 percentage points, starting Thursday. After the adjustment, the rate will be set at…
China’s financial sector rides digital wave with new action plan
China will steadfastly advance the digital transformation of its financial institutions and accelerate the construction of digital finance infrastructure, according to a recent action plan. The plan, issued by state…