Tag: People’s Bank of China
China Credit Card Market Contracts as Banks Cut Products, Spending Falls, and Defaults Rise
China’s banks issued fewer credit cards in 2025 than in previous years, and newly released data points...
China Investigates Zhou Liang, Fourth Key Aide to Wang Qishan to Fall
China has opened an investigation into Zhou Liang, a senior financial regulator and longtime aide to...
China Expands Anti-Corruption Scrutiny to ‘Half-Naked Officials,’ Tightens Exit Controls on Retired Cadres
Officials whose children remain overseas and decline to return to China are facing marginalization, according...
China Tells Banks to ‘Give Out More Property Loans’ While Easing M&A Rules
With China reeling under a property crisis and many real estate developers struggling to find funds to...