https://www-scmp-com.libproxy1.nus.edu.sg/rss/522781/feed The latest news and top stories on Zou Lan. The Deputy Governor of the People’s Bank of China since graduating from Fudan University, he previously led the financial market and monetary policy departments. His responsibilities include monitoring monetary measures, ensuring financial stability, and overseeing financial markets, technology, Treasury and credit management. en https://assets-v2.i-scmp.com/production/static/img/icons/scmp-meta-1200x630.png https://www-scmp-com.libproxy1.nus.edu.sg Fran Lu Fran Lu Local Chinese authorities have issued warnings and demerits to 11 officials and dismissed the entire kitchen staff at a kindergarten following a teacher’s revelation about unsanitary practices, including washing dirty mops in cooking pots. On June 30, several children at the Affiliated Kindergarten of Nanjing University of Information Science and Technology in Jiangsu province exhibited symptoms such as nausea and vomiting during and after lunch. Parents had been inquiring about the... https://www-scmp-com.libproxy1.nus.edu.sg/news/people-culture/trending-china/article/3369151/china-warns-officials-fires-kindergarten-principal-over-mops-cooking-pots-scandal?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/people-culture/trending-china/article/3369151/china-warns-officials-fires-kindergarten-principal-over-mops-cooking-pots-scandal?utm_source=rss_feed Wed, 30 Sep 2026 02:00:10 +0000 Xinyi Wu Xinyi Wu Officials from China’s central bank have pledged to introduce further measures to make it easier for global investors to access yuan-denominated assets, as Beijing views the recent appreciation of the yuan and surge in demand for panda bonds as reflecting rising global recognition of the Chinese currency. Speaking at a press conference on Wednesday, officials highlighted the yuan’s strong performance in the first half of the year despite a volatile global economic landscape. The currency... https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3360693/china-eyes-broader-global-access-yuan-assets-panda-bond-demand-surges?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3360693/china-eyes-broader-global-access-yuan-assets-panda-bond-demand-surges?utm_source=rss_feed Wed, 15 Jul 2026 12:01:48 +0000 Zhang Shidong Zhang Shidong China is set to raise about 15.5 billion yuan (US$2.3 billion) from a sovereign bond sale in Hong Kong next week, the largest such issuance since 2023, as global investors seek refuge in Chinese assets amid the US-Iran conflict. The Ministry of Finance said in a statement on Wednesday it would offer the yuan-denominated bonds – its second offshore issuance this year – on April 22. Further details will be released through the Hong Kong Monetary Authority’s Central Moneymarkets Unit. The planned... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3350130/china-sell-us23-billion-bonds-hong-kong-biggest-deal-2023?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3350130/china-sell-us23-billion-bonds-hong-kong-biggest-deal-2023?utm_source=rss_feed Wed, 15 Apr 2026 05:29:54 +0000 Carol Yang Carol Yang China’s central bank has called for heightened cybersecurity awareness and caution in the use of artificial intelligence in the financial sector, adding to a chorus of warnings over security risks amid the nationwide buzz surrounding the OpenClaw AI agent. At its annual technology conference in Beijing on Wednesday, the People’s Bank of China called for further efforts to “enhance the resilience of cybersecurity and data security”, according to a readout of the meeting posted on its website. The... https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3346352/amid-openclaw-frenzy-chinas-central-bank-adds-cybersecurity-warnings?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3346352/amid-openclaw-frenzy-chinas-central-bank-adds-cybersecurity-warnings?utm_source=rss_feed Thu, 12 Mar 2026 10:00:15 +0000 Enoch Yiu Enoch Yiu When Wilson Chan Fung-cheung joined Hong Kong’s banking industry as a foreign-exchange trader more than four decades ago, his work involved US dollars, UK pounds, Japanese yen and various European and Asian currencies – but not Chinese yuan. “Back then, there was no yuan trading at all as, in fact, the internationalisation of the yuan only started in 2009,” recalled Chan, who has worked for various Chinese banks. Beijing’s decision that year to promote its currency for wider use in trade,... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3344464/why-chinas-path-financial-superpower-status-could-begin-hong-kong?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3344464/why-chinas-path-financial-superpower-status-could-begin-hong-kong?utm_source=rss_feed Tue, 24 Feb 2026 15:00:09 +0000 Enoch Yiu Enoch Yiu China’s central bank will support Hong Kong’s monetary authority to double the amount of yuan liquidity available to local banks, helping them increase yuan lending and enhancing the city’s role as an international offshore centre for the mainland currency. People’s Bank of China (PBOC) deputy governor Zou Lan said at the Asian Financial Forum (AFF) in Hong Kong on Monday that the central bank would provide more funding to allow the Hong Kong Monetary Authority (HKMA) to double the yuan... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3341220/chinas-central-bank-support-hkma-doubling-yuan-liquidity-hong-kong-lenders?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3341220/chinas-central-bank-support-hkma-doubling-yuan-liquidity-hong-kong-lenders?utm_source=rss_feed Mon, 26 Jan 2026 05:18:24 +0000 Carol Yang,Ji Siqi Carol Yang,Ji Siqi China’s central bank has unveiled a credit-rehabilitation policy to help individuals who defaulted on small loans rebuild their financial standing – part of a broader push to bolster the economy and repair household balance sheets. The People’s Bank of China said the measure targets borrowers with a single instance of overdue debt incurred between 2020 and 2025 and not exceeding 10,000 yuan (US$1,421). If the debt is fully repaid by March 31, the default record will be hidden from credit... https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3337354/china-hide-bad-debt-records-pandemic-hit-borrowers-who-repay-small-loans?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3337354/china-hide-bad-debt-records-pandemic-hit-borrowers-who-repay-small-loans?utm_source=rss_feed Mon, 22 Dec 2025 13:00:28 +0000 Sylvia Ma Sylvia Ma China’s central bank and finance ministry have discussed creating a better mechanism for issuing sovereign debt overseas, as Beijing eyes a greater global role for the yuan amid wavering confidence in the US dollar. Beijing has been upping efforts to increase the use of its currency in international markets in recent months, as trading in US dollar assets becomes increasingly volatile amid President Donald Trump’s tariff blitz, aggressive spending plans, and attempts to interfere in the workings... https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3324341/china-eyes-honing-its-bond-issuance-mechanism-boost-yuans-global-role?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3324341/china-eyes-honing-its-bond-issuance-mechanism-boost-yuans-global-role?utm_source=rss_feed Thu, 04 Sep 2025 11:00:10 +0000 Brian Rhoads,Raymond Ma Brian Rhoads,Raymond Ma China’s economy only cooled slightly in the second quarter, helped by government stimulus measures and a truce in US President Donald Trump’s trade war. Growth ebbed to 5.2 per cent from 5.4 per cent in the first three months of the year, the National Bureau of Statistics said on Tuesday. The second-quarter number was in line with expectations, based on economists polled by Chinese financial data provider Wind. First-half growth came in at 5.3 per cent amid May stimulus measures, a 90-day pause... https://www-scmp-com.libproxy1.nus.edu.sg/plus/article/3318269/chinas-economic-crunch-may-just-be-delayed?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/plus/article/3318269/chinas-economic-crunch-may-just-be-delayed?utm_source=rss_feed Tue, 15 Jul 2025 09:00:08 +0000 Ji Siqi Ji Siqi China’s central bank intends to carefully calibrate the intensity and pace of its “moderately loose” monetary policy implementation, taking steps to help the country’s economy grow by Beijing’s goal of around 5 per cent this year. Zou Lan, deputy governor of the People’s Bank of China, said on Monday that the agency would closely monitor and evaluate the transmission and actual effects of previously implemented measures. And any future steps would be based on domestic and international financial... https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3318170/chinas-monetary-policy-impact-not-yet-unleashed-pboc-says-5-gdp-goal-mind?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3318170/chinas-monetary-policy-impact-not-yet-unleashed-pboc-says-5-gdp-goal-mind?utm_source=rss_feed Mon, 14 Jul 2025 12:30:11 +0000