China April new loans unexpectedly shrink as weak demand weighs

By Shi Bu and Kevin Yao BEIJING, May 14 (Reuters) - China’s new yuan loans contracted in April for the first time in nine ...
The Business Times

Global central banks’ use of renminbi swap lines hits 2‑year high amid rising demand for China’s currency

The latest increase highlights China’s drive for renminbi internationalisation Read more at The Business Times.
CNBC

China leaves benchmark lending rates unchanged as expected, despite Fed rate cut

The People's Bank of China kept the one-year loan prime rate, which influences most new and outstanding loans, unchanged at 3.0%. The five-year benchmark rate, which affects mortgages, remained at 3.5 ...

Exclusive-China's central bank guides banks to step up lending in April, sources say

April 28 (Reuters) - China's central bank has instructed some commercial banks to expand loan issuance in April, said sources with knowledge of the matter, as authorities seek to prevent a sharp ...
CNBC

China cuts banks' reserve ratio as economic growth sputters

China's central bank said on Friday it would cut the amount of cash that banks must hold as reserves by 50 basis points, the second reduction this year aimed at bolstering faltering economic growth.
Newsweek

China’s Top Banks Deal Painful Blow to Russia

See more of our trusted coverage when you search. Prefer Newsweek on Google to see more of our trusted coverage when you search. More Chinese banking giants have restricted transactions from Russia, ...