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Real-time News
The Peoples Bank of China has increased the re-lending quota for technological innovation and technological upgrading by 400 billion yuan to support the optimized implementation of policies for new economic and social development.The final reading of Frances December CPI will be released in ten minutes.On January 15, Zou Lan, Vice Governor of the Peoples Bank of China, stated at a press conference held by the State Council Information Office that the relending and rediscount quotas for supporting agriculture and small businesses will be combined, increasing the relending quota for supporting agriculture and small businesses by 500 billion yuan. A separate relending quota of 1 trillion yuan will be set aside for private enterprises within the total quota, focusing on supporting small and medium-sized private enterprises.On January 15, Zou Lan, spokesperson and vice governor of the Peoples Bank of China (PBOC), stated at a press conference held by the State Council Information Office that, based on the domestic and international economic and financial situation and the operation of financial markets, promoting stable economic growth and a reasonable recovery in prices are key considerations for monetary policy. The PBOC will flexibly and efficiently utilize various monetary policy tools, including reserve requirement ratio (RRR) cuts and interest rate cuts, to maintain ample liquidity, relatively loose social financing conditions, guide reasonable growth in the overall financial volume, and ensure balanced credit allocation. The PBOC will leverage the dual functions of monetary policy in terms of both aggregate and structural aspects, accelerate the implementation of a series of recently introduced structural monetary policy tools, and guide financial institutions to increase support for key areas such as expanding domestic demand, technological innovation, and small and medium-sized enterprises (SMEs).On January 15th, Li Bin, spokesperson and deputy director of the State Administration of Foreign Exchange (SAFE), stated that including business expansion reforms, cross-border receipts and payments processed without document review based on enterprise instructions reached US$2.3 trillion in 2025, a 33% increase compared to 2024. We have extended the policy of integrated RMB and foreign currency cash pools for multinational corporations nationwide, improved the management of funds for domestic companies listing overseas, and supported enterprises in making fuller use of both domestic and international markets. We have continuously strengthened the construction and supervision of the foreign exchange market. In 2025, the trading volume of the foreign exchange market reached US$42.6 trillion, and the foreign exchange hedging ratio of enterprises rose to 30%, both record highs. Throughout the year, more than 1,100 cases of illegal foreign exchange activities, such as underground banks and illegal cross-border transfers of funds through fictitious transactions, were investigated and dealt with, effectively maintaining the order of foreign exchange transactions.
