People's Bank of China Gov. Pan Gongsheng announced the imminent half-percentage point cut in the so-called hold reserve requirement ratio for banks to 6.5% at a news conference in Beijing.

PBOC governor plans to cut banks’ reserve requirement ratio PBOC Governor Pan Gongsheng stated on May 7 that the bank would cut the amount of cash that financial institutions must hold as ...

Speaking on stage at a financial forum in Shanghai, Pan Gongsheng, governor of the People’s Bank of China, said the world is entering a new phase.

The People’s Bank of China is having a busier-than-usual summer, and not just because of Donald Trump’s tariffs.

BEIJING — China will cut the amount of cash banks need to have on hand, known as the reserve requirement ratio or RRR, by 50 basis points, People’s Bank of China Gov. Pan Gongsheng said during ...

Pan Gongsheng, governor of the People’s Bank of China, delivers a speech during the 2024 Lujiazui Forum on June 19, 2024 in Shanghai, China.

Since taking the helm in July 2023, People’s Bank of China Gov. Pan Gongsheng had avoided giant stimulus bursts of the kind Beijing did amid the 2008-2009 global financial crisis.

El gobernador del Banco Popular de China, Pan Gongsheng, anunció que la tasa de interés para los préstamos a los bancos comerciales se reduciría en 0,25 puntos porcentuales para quedar en 1,5%.

People's Bank of China Governor Pan Gongsheng told a conference in Saudi Arabia that while most currencies have fallen against the dollar, the yuan has remained stable.

ABC’s Pan Gongsheng: How Pan handled the IPO process Pan Gonsheng was the key executive on Agricultural Bank of China’s $22 billion IPO. Bankers who worked on the deal have little but praise for the ...

The head of China's central bank has called for a new international monetary system led by a few strong sovereign currencies, after decades of U.S. dollar dominance. "The development of the ...