People’s Bank of China – Page 6

China Hits Ant Group with $985 Million Fine

After nearly three years of regulatory scrutiny, the fine is seen as a sign that Beijing is wrapping up its crackdown on technology firms.

By Claire Fu

China Foreign Investments International Monetary Fund International Relations International Trade and World Market People's Bank of China Suriname United States

The U.S.-China Rivalry Is Complicating the World’s Debt Crisis

Suriname, a tiny nation ravaged by recession, inflation and impossible debts, saw its relief held up by superpower politics. It won’t be the only country.

By Peter S. Goodman and Adriana Loureiro Fernandez

Banking and Financial Institutions China Economic Conditions and Trends Mortgages People's Bank of China

China’s Central Bank Cuts Loan Prime Rates

The reduction in the rates, which are used to set corporate loans and home mortgages, signal concern that the country’s post-pandemic rebound is stalling.

By Keith Bradsher

Bank of China Banking and Financial Institutions Beijing (China) China Consumer Behavior Industrial and Commercial Bank of China Ministry of Commerce (China) People's Bank of China Peoples United Financial Inc

China’s Biggest Banks Cut Deposit Rates to Spur Consumer Spending

China’s largest state-run banks lowered interest rates on deposits, reflecting a growing concern that the economy has not rebounded as strongly as expected.

By Daisuke Wakabayashi