The People's Bank of China is closely watching the impact of the outbreak on the economy, and is preparing policy reserves to offset the pressure, Vice Governor Pan Gongsheng said
The initial test, set at the end of this month in Shenzhen, will involve some of the largest banks in the country and telecom carriers, the Times reported, quoting the Caijing Magazine.
The report signals that the central bank remains committed to a targeted, constrained approach toward easing despite increasing economic risks
China's top leaders said in an annual economic meeting this month they will ratchet up support for the economy in 2019 by cutting taxes and keeping liquidity ample
Liu may be in a position to become one of China's most powerful economic and financial officials ever
Analysts said the PBOC rate hikes will not impede activity though they signalled a commitment by authorities to continue curbing leverage
The term 'Minsky moment' is credited to US economist Paul McCulley, who initially used it during the Russian financial crisis of 1998, around two years after Minsky died
The fraud-ridden market could make us appreciate regulation
The bank lent 358 billion yuan for six months and 375 billion yuan for one year
Rather than cutting off lending, the PBOC sent banks notices that it would begin offering more expensive 14-day money market loans
The outstanding amount of MLF was 1.91 trillion yuan at the end of last month
Steel exports by China increased by 3.7% in May from the month before, after a surge in domestic prices boosted output