Chinanews.com, February 8th. The People's Bank of China website announced on the 8th a memorandum of China's monetary policy in 2020.
Data map: People's Bank of China.
Photo by China News Agency reporter Zhang Xinglong
On January 6, the People's Bank of China lowered the deposit reserve ratio of financial institutions by 0.5 percentage points (excluding finance companies, financial leasing companies and auto finance companies).
On January 6, the People's Bank of China and the Bank of the Lao People's Democratic Republic signed a bilateral local currency cooperation agreement, allowing the direct use of both parties' local currency for settlement in all regular and capital transactions that have been liberalized by the two countries.
On January 12, the People's Bank of China signed a statement of commitment to comply with the "Global Foreign Exchange Market Guidelines" and actively participated in the construction and development of the global foreign exchange market.
On January 15, the People's Bank of China launched a medium-term lending facility (MLF) operation with an amount of 300 billion yuan and an interest rate of 3.25%.
On January 20, the People's Bank of China launched the first phase of central bank bill swap (CBS) operations in 2020 for primary dealers in open market businesses, with a rate of 0.10%, a volume of 6 billion yuan, and a period of 3 months.
On January 20, the People's Bank of China authorized the National Interbank Funding Center to announce the loan market quoted interest rate (LPR). The 1-year LPR is 4.15% and the 5-year or more LPR is 4.8%.
On January 23, the People's Bank of China launched a targeted medium-term lending facility (TMLF) operation with an operating amount of 240.5 billion yuan and an interest rate of 3.15%.
On January 31, the People’s Bank of China issued the “Notice on Issues Concerning the Issuance of Special Re-loans to Support the Prevention and Control of Pneumonia Epidemics Caused by the Novel Coronavirus” (Yinfa [2020] No. 28), which addressed 10 key national banks and Hubei. Some local corporate banks in provinces (municipalities) have provided a total of 300 billion yuan in low-cost special re-loan funds to support the fight against the epidemic and guarantee supply.
On January 31, the People’s Bank of China, the Ministry of Finance, the China Banking Regulatory Commission, the China Securities Regulatory Commission, and the State Administration of Foreign Exchange issued the "Notice on Further Strengthening Financial Support to Prevent and Control the Novel Coronavirus Pneumonia Epidemic" (Yinfa [2020] No. 29), proposing 30 policies Measures to further strengthen financial support for epidemic prevention and control, ensure people's livelihood and support the stable development of the real economy.
On February 4, the People's Bank of China reported to the Finance Committee of the National People's Congress on the implementation of monetary policy in 2019.
On February 7, the "Notice of the Financial Markets Department of the People's Bank of China on Issues Concerning Bond Issuance by Financial Institutions during the Period of Epidemic Prevention and Control" was publicly released to simplify some procedures and provide support for the issuance of bonds by financial institutions during the epidemic and the issuance of financial bonds with the theme of epidemic prevention and control. .
On February 7, the Ministry of Finance, the National Development and Reform Commission, the Ministry of Industry and Information Technology, the People’s Bank of China, and the National Audit Office jointly issued the “Emergency Notice on Winning the Battle of Epidemic Prevention and Control and Strengthening the Funding Support for Key Enterprises in Epidemic Prevention and Control” (Financial Finance) (2020) No. 5), and put forward requirements for strengthening the key protection of epidemic prevention and control to ensure financial support for enterprises.
On February 10, the People’s Bank of China issued the “Notice on Interest Rate Related Issues in Special Periods of Epidemic Prevention and Control” (Yinfa [2020] No. 37), extending certain personal time deposits and allowing banks to issue epidemic prevention and control special banks Certificate of deposit.
On February 10th, the People's Bank of China and the Central Bank of Egypt renewed a bilateral local currency swap agreement with a scale of 18 billion yuan/41 billion Egyptian pounds.
On February 13, the People's Bank of China successfully issued 30 billion yuan of central bank bills in Hong Kong, including 20 billion yuan of 3-month central bank bills and 10 billion yuan of 1-year central bank bills. The winning interest rates were 2.55% and 2.60%.
On February 14, the China Securities Regulatory Commission, the Ministry of Finance, the People’s Bank of China, and the China Banking and Insurance Regulatory Commission jointly issued the "Announcement on Commercial Banks and Insurance Institutions Participating in Treasury Bond Futures Transactions on China Financial Futures Exchange" (CSRC Announcement [2020] No. 12), allowing compliance Conditional pilot commercial banks and insurance institutions with investment management capabilities shall participate in the China Financial Futures Exchange's national bond futures trading in accordance with the principles of compliance with laws and regulations, controllable risks, and sustainable business.
On February 17, the People's Bank of China launched a medium-term lending facility (MLF) operation with an operating amount of 200 billion yuan and an interest rate of 3.15%, which was 10BP lower than the previous period.
On February 19, the China Monetary Policy Implementation Report for the Fourth Quarter of 2019 was released.
On February 20, the People's Bank of China authorized the National Interbank Funding Center to announce the loan market quoted interest rate (LPR), with a 1-year LPR of 4.05% and an LPR of more than 5 years of 4.75%.
On February 26, the People’s Bank of China issued the “Notice on Increasing Re-lending and Re-discounting Support to Promote Orderly Resumption of Work and Production” (Yinfa [2020] No. 53), increasing the special quota for re-lending and rediscounting by 500 billion yuan. , Lower the interest rate of re-loan for supporting agriculture and small-scale enterprises from 25BP to 2.5% to provide low-cost and inclusive financial support for the orderly resumption of work and production of enterprises.
On February 28, the People’s Bank of China issued the “Notice on Using Special Reloans for Agricultural Support to Support the Expansion of Live Pig Breeding Credit” (Yinfa [2020] No. 56), arranging a special reloan of 20 billion yuan to support the expansion of live pigs Farming credit is released.
On February 28, the People's Bank of China launched the second phase of central bank bill swap (CBS) operations in 2020 for primary dealers in open market businesses, with a rate of 0.10%, a volume of 5 billion yuan, and a period of 3 months.
From February 28, China’s government bonds were officially included in the JPMorgan Chase Global Emerging Markets Government Bond Index.
On March 1, financial institutions started the conversion of stock floating-rate loan pricing benchmarks as scheduled in accordance with the principles of marketization and rule of law.
On March 12, the People’s Bank of China and the State Administration of Foreign Exchange decided to increase the macro-prudential adjustment parameters in the “Notice of the People’s Bank of China on Matters Concerning the Macro-Prudent Management of Full-Border Cross-border Financing” (Yinfa [2017] No. 9) from 1. To 1.25.
On March 16, the People's Bank of China launched a medium-term lending facility (MLF) operation with an operating amount of 100 billion yuan and an interest rate of 3.15%.
On March 16, the People's Bank of China implemented a targeted RRR cut for inclusive finance. Banks that meet the assessment criteria for the proportion of loans in the inclusive financial sector were given a 0.5 or 1.5 percentage point discount on the deposit reserve ratio, and 0.5 percentage points were obtained in this assessment. Joint-stock commercial banks with favorable deposit reserve ratios have reduced their RRR by an additional 1%.
On March 20, the People's Bank of China authorized the National Interbank Funding Center to announce the loan market quoted interest rate (LPR). The 1-year LPR is 4.05% and the 5-year or more LPR is 4.75%.
On March 25, the People's Bank of China launched the 2020 third phase of central bank bill swap (CBS) operations for primary dealers in open market businesses, with a fee rate of 0.10%, an operating volume of 5 billion yuan, and a three-month period.
On March 26, the People's Bank of China successfully issued 10 billion yuan of central bank bills in Hong Kong with a maturity of 6 months and a winning interest rate of 2.19%.
On March 26, the Monetary Policy Committee of the People's Bank of China held a regular meeting for the first quarter of 2020.
On March 26, the China Foreign Exchange Market Steering Committee (CFXC) forwarded the statement of the Global Foreign Exchange Market Committee (GFXC) on market conditions to promote professional, fair, efficient and stable operation of the foreign exchange market.
On April 3, the People's Bank of China decided to lower the deposit reserve ratio of rural credit cooperatives, rural commercial banks, rural cooperative banks, rural banks, and urban commercial banks operating only in the provincial administrative region by 1 percentage point, divided into April 15. It will be implemented twice on May 15.
The People's Bank of China has decided to lower the interest rate on excess deposit reserves of financial institutions in the central bank from 0.72% to 0.35% from April 7.
On April 10, the People's Bank of China lowered the standing lending facility interest rate.
Specifically, the overnight interest rate was reduced from 3.35% to 3.05%, the 7-day interest rate was reduced from 3.50% to 3.20%, and the 1-month interest rate was reduced from 3.85% to 3.55%.
On April 13, the People's Bank of China reported to the Finance Committee of the National People's Congress on the implementation of monetary policy in the first quarter of 2020.
On April 15, the People's Bank of China launched a medium-term lending facility (MLF) operation, with an operating amount of 100 billion yuan and an interest rate of 2.95%, a decrease of 20BP from the previous period.
On April 20, the People's Bank of China authorized the National Interbank Funding Center to announce the loan market quote rate (LPR), with a 1-year LPR of 3.85% and an LPR of more than 5 years of 4.65%.
On April 21, the People's Bank of China launched the fourth central bank bill swap (CBS) operation in 2020 for primary dealers in the open market business, with a rate of 0.10%, an operation volume of 5 billion yuan, and a period of 3 months.
On April 24, the People's Bank of China launched a targeted medium-term lending facility (TMLF) operation with an operating amount of 56.1 billion yuan and an interest rate of 2.95%, a decrease of 20BP from the previous period.
On April 24, the People's Bank of China and the China Banking and Insurance Regulatory Commission held a national video and telephone conference on targeted financial poverty alleviation.
On May 7, the People’s Bank of China and the State Administration of Foreign Exchange jointly issued the “Regulations on the Management of Domestic Securities and Futures Investment Funds for Foreign Institutional Investors” (People’s Bank of China and State Administration of Foreign Exchange [2020] No. 2), clarifying and simplifying Securities and futures investment fund management requirements will further facilitate foreign investors to participate in my country's financial market.
On May 10, the China Monetary Policy Implementation Report for the First Quarter of 2020 was released.
On May 14, the People's Bank of China successfully issued 30 billion yuan of central bank bills in Hong Kong, including 20 billion yuan of 3-month central bank bills and 10 billion yuan of 1-year central bank bills. The winning interest rates were 1.77% and 1.78%.
On May 15th, the People's Bank of China launched a medium-term loan facility (MLF) operation with an amount of 100 billion yuan and an interest rate of 2.95%.
On May 20, the People's Bank of China authorized the National Interbank Funding Center to announce the loan market quoted interest rate (LPR), with a 1-year LPR of 3.85% and a 5-year LPR of 4.65%.
On May 20, the People's Bank of China and the Central Bank of Laos signed a bilateral local currency swap agreement with a scale of 6 billion yuan/7.6 trillion Lao kip.
On May 26, the People's Bank of China launched the fifth central bank bill swap (CBS) operation in 2020 for primary dealers in open market businesses, with a rate of 0.10%, a volume of 5 billion yuan, and a period of 3 months.
On May 29, the China Regional Financial Operation Report (2020) was released.
On June 1, the People’s Bank of China, together with relevant departments, issued the “Guiding Opinions of the People’s Bank of China, China Banking and Insurance Regulatory Commission, Development and Reform Commission, Industry and Information Technology, Ministry of Finance, Ministry of Finance, China Securities Regulatory Commission, Foreign Exchange Bureau on Further Strengthening Financial Services for Small, Medium and Micro Enterprises” (Yinfa [ 2020] No. 120).
On June 1, the People’s Bank of China and relevant departments issued the “Notice of the People’s Bank of China, China Banking and Insurance Regulatory Commission, Ministry of Finance, Development and Reform Commission, Ministry of Industry and Information Technology on Further Implementing Phased Delays in Repayment of Principal and Interest for Small, Medium and Micro Enterprises Loans” (Yinfa (2020) No. 122) and the “Notice of the People’s Bank of China, Banking and Insurance Regulatory Commission, Ministry of Finance, Development and Reform Commission, Ministry of Industry and Information Technology, on Increasing Credit Loan Support for Small and Small Enterprises” (Yinfa [2020] No. 123).
On June 1, the People's Bank of China issued the "Notice of the People's Bank of China on Issues concerning Inclusive Small and Micro Enterprise Loan Extension Support Tools" (Yinfa [2020] No. 124), creating an inclusive small and micro enterprise loan extension support tool.
On June 1, the People's Bank of China issued the "Notice of the People's Bank of China on Matters Concerning the Inclusive Credit Loan Support Plan for Small and Micro Enterprises" (Yinfa [2020] No. 125), creating an inclusive credit loan support program for small and micro businesses.
On June 15, the People's Bank of China launched a medium-term lending facility (MLF) operation with an operating amount of 200 billion yuan and an interest rate of 2.95%.
On June 22, the People's Bank of China authorized the National Inter-bank Funding Center to announce the loan market quoted interest rate (LPR), with a 1-year LPR of 3.85% and an LPR of more than 5 years of 4.65%.
On June 23, the People's Bank of China successfully issued 10 billion yuan of central bank bills in Hong Kong with a maturity of 6 months and a winning interest rate of 2.21%.
On June 24, the Monetary Policy Committee of the People's Bank of China held its 2020 second quarter regular meeting.
On June 24, the People's Bank of China, together with relevant departments, issued the "Notice of the People's Bank of China Development and Reform Commission and the Securities Regulatory Commission on Matters Concerning the Disposal of Default on Corporate Credit Bonds" (Yinfa [2020] No. 144).
On June 28, the People's Bank of China issued the "Measures for the Management of Standardized Bills."
On June 29, the People's Bank of China decided to lower the re-lending and re-discount interest rates from July 1, 2020.
Among them, the interest rates of refinancing for agriculture and small refinancing were reduced by 0.25%.
After adjustment, the three-month, six-month and one-year agricultural support refinancing and small refinancing interest rates are 1.95%, 2.15%, and 2.25%, respectively.
Lower the rediscount rate by 0.25 percentage points to 2%.
Decrease the financial stability refinancing rate by 0.5 percentage point.
After adjustment, the financial stability refinancing interest rate is 1.75%, and the financial stability refinancing (extension period) interest rate is 3.77%.
On June 29, the People's Bank of China launched the sixth central bank bill swap (CBS) operation in 2020 for primary dealers in open market business, with a rate of 0.10%, a volume of 5 billion yuan, and a period of 3 months.
On July 3, the People’s Bank of China, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission, and the State Administration of Foreign Exchange jointly issued the "Rules for the Determination of Standardized Debt Assets", which clarified the boundaries and determination of standard debt assets and non-standard assets Standards and regulatory arrangements.
On July 7, the People's Bank of China and the China Banking and Insurance Regulatory Commission held a symposium on financial support to stabilize enterprises and ensure employment.
On July 15, the People's Bank of China launched a medium-term lending facility (MLF) operation with an operating amount of 400 billion yuan and an interest rate of 2.95%.
On July 16, the People's Bank of China reported to the Finance Committee of the National People's Congress on the implementation of monetary policy in the first half of 2020.
On July 19, the People's Bank of China and the China Securities Regulatory Commission jointly issued the "People's Bank of China and China Securities Regulatory Commission Announcement [2020] No. 7", agreeing to the bond market-related infrastructure institutions to carry out interconnection cooperation.
On July 20, the People's Bank of China authorized the National Interbank Funding Center to announce the loan market quoted interest rate (LPR), with a 1-year LPR of 3.85% and an LPR of more than 5 years of 4.65%.
On July 21, the People's Bank of China and the Swiss Central Bank renewed a bilateral local currency swap agreement with a scale of 150 billion yuan/20 billion Swiss francs.
On July 30, the People's Bank of China launched the seventh central bank bill swap (CBS) operation in 2020 for primary dealers in open market businesses, with a rate of 0.10%, a volume of 5 billion yuan, and a period of 3 months.
On July 31, the People's Bank of China and the Central Bank of Pakistan signed a bilateral local currency swap revision agreement, expanding the swap scale to 30 billion yuan / 720 billion Pakistani rupees.
On July 31, the People's Bank of China and the Central Bank of Chile signed a bilateral local currency swap revision agreement, expanding the swap scale to 50 billion RMB/5600 billion Chilean pesos.
On July 31, the People's Bank of China and the Central Bank of Mongolia renewed a bilateral local currency swap agreement with a scale of 15 billion yuan/6 trillion Mongolian Tugriks.
On August 6, the China Monetary Policy Implementation Report for the Second Quarter of 2020 was released.
On August 6, the People's Bank of China and the Central Bank of Argentina renewed a bilateral local currency swap agreement of RMB 70 billion 730 billion Argentine pesos, and signed a supplementary agreement of bilateral local currency swaps of RMB 60 billion.
On August 13, the People's Bank of China successfully issued 30 billion yuan of central bank bills in Hong Kong, including 20 billion yuan of 3-month central bank bills and 10 billion yuan of 1-year central bank bills. The winning interest rate was 2.70%.
On August 17, the People's Bank of China launched a medium-term loan facility (MLF) operation with an operating amount of 700 billion yuan and an interest rate of 2.95%.
On August 20, the People's Bank of China authorized the National Interbank Funding Center to announce the loan market quoted interest rate (LPR), with a 1-year LPR of 3.85% and an LPR of more than 5 years of 4.65%.
On August 22, the People's Bank of China and the Central Bank of New Zealand renewed a bilateral domestic currency swap agreement with a scale of RMB 25 billion (the New Zealand dollar swap scale is calculated at the spot exchange rate).
On August 25, the People's Bank of China held a meeting to promote financial support to stabilize enterprises and ensure employment.
On August 27, the People's Bank of China launched the 2020 eighth central bank bill swap (CBS) operation for primary dealers in open market businesses, with a rate of 0.10%, a volume of 5 billion yuan, and a period of 3 months.
On August 28, the "Notice of the General Office of the People's Bank of China on Implementing the Policy of Deferring the Repayment of Principals and Interests for Small and Micro Enterprise Loans and Supporting Credit Loans for Small and Micro Enterprises" (Yinbanfa [2020] No. 129).
On August 31, the People's Bank of China issued a white paper on "Participating in International Benchmark Interest Rate Reform and Improving China's Benchmark Interest Rate System."
On September 2, the People’s Bank of China, the China Securities Regulatory Commission, and the State Administration of Foreign Exchange jointly drafted the “Announcement on Matters Concerning Foreign Institutional Investors’ Investment in China’s Bond Market (Draft for Comment)” to further facilitate the allocation of foreign institutional investors Solicit market opinions on arrangements for RMB bond assets.
On September 13, the People's Bank of China announced the "Trial Measures for the Supervision and Administration of Financial Holding Companies" (People's Bank of China Order [2020] No. 4).
On September 15, the People's Bank of China launched a medium-term loan facility (MLF) operation with an operating amount of 600 billion yuan and an interest rate of 2.95%.
On September 15, the People's Bank of China issued a supplement to the "Report on the Implementation of China's Monetary Policy"-"An Orderly Advancement in the Reform of Loan Market Quotation Rates.
On September 15th, the People's Bank of China and the China Banking and Insurance Regulatory Commission held a video conference on “Working Hard for a Hundred Days to Help Poverty Alleviation, Resolutely Defeating Financial Targeted Poverty Alleviation”.
On September 17, the People's Bank of China and the Central Bank of Hungary signed a supplementary agreement for bilateral local currency swaps of RMB 40 billion.
On September 18, the People’s Bank of China, in conjunction with the Ministry of Industry and Information Technology, the Ministry of Justice, the Ministry of Commerce, the State-owned Assets Supervision and Administration Commission of the State Council, the State Administration for Market Regulation, the China Banking and Insurance Regulatory Commission, and the State Administration of Foreign Exchange, issued the "Regarding Standardized Development Opinions on Supply Chain Finance Supporting the Stable Cycle, Optimization and Upgrading of the Supply Chain Industry Chain (Yinfa [2020] No. 226), establishing a policy framework for the standardized development of supply chain finance.
On September 21, the People's Bank of China authorized the National Interbank Funding Center to announce the loan market quoted interest rate (LPR), with a 1-year LPR of 3.85% and an LPR of more than 5 years of 4.65%.
On September 24, the People's Bank of China successfully issued 10 billion yuan of central bank bills in Hong Kong with a maturity of 6 months and a winning interest rate of 2.68%.
On September 25, the Monetary Policy Committee of the People's Bank of China held its 2020 third quarter regular meeting.
On September 25, FTSE Russell announced that Chinese government bonds will be included in the FTSE World Treasury Index (WGBI).
On September 25, the China Securities Regulatory Commission, the People’s Bank of China, and the State Administration of Foreign Exchange jointly issued the “Measures for the Administration of Domestic Securities and Futures Investments by Qualified Foreign Institutional Investors and RMB Qualified Foreign Institutional Investors” (China Securities Regulatory Commission, the People’s Bank of China) Order No. 176 of the State Administration of Foreign Exchange).
On September 28, the People's Bank of China launched the ninth central bank bill swap (CBS) operation in 2020 for primary dealers in the open market business, with a rate of 0.10%, a volume of 5 billion yuan, and a period of 3 months.
On September 30, the People's Bank of China and Bank Indonesia signed the "Memorandum of Understanding on Establishing a Cooperation Framework for Promoting Current Account Transactions and Direct Investment Local Currency Settlement" to promote the use of local currency for bilateral trade and direct investment settlement.
On September 30, the People's Bank of China and the China Banking and Insurance Regulatory Commission jointly issued the "Notice on Establishing a Countercyclical Capital Buffer Mechanism" (Yinfa [2020] No. 233).
On October 10, the People's Bank of China decided to reduce the foreign exchange risk reserve ratio for forward foreign exchange sales from 20% to 0 starting from October 12, 2020.
On October 11, the People's Bank of China and the Central Bank of Korea signed a bilateral local currency swap extension and revision agreement, expanding the swap scale to 400 billion yuan/70 trillion won.
On October 15, the People's Bank of China launched a medium-term lending facility (MLF) operation with an operation amount of 500 billion yuan and an interest rate of 2.95%.
On October 19, the People's Bank of China reported to the Finance Committee of the National People's Congress on the implementation of monetary policy in the first three quarters of 2020.
On October 19, the People's Bank of China and the Central Bank of Iceland renewed a bilateral local currency swap agreement with a scale of 3.5 billion RMB/70 billion Iceland Krona.
On October 20, the People's Bank of China authorized the National Interbank Funding Center to announce the loan market quoted interest rate (LPR), with a 1-year LPR of 3.85% and an LPR of more than 5 years of 4.65%.
On October 27th, based on their own judgments on economic fundamentals and market conditions, some of the quotation banks of the central parity rate of the RMB to the U.S. dollar successively took the initiative to fade out the countercyclical factors in the central parity quotation model of the yuan to the US dollar.
On October 28, the People's Bank of China launched the 10th Central Bank Bill Swap (CBS) operation in 2020 for primary dealers in the open market business, with a rate of 0.10%, a bid amount of 5 billion yuan, and a term of 3 months.
On November 12, the People's Bank of China successfully issued 25 billion yuan of central bank bills in Hong Kong, including 10 billion yuan in 3-month central bank bills and 15 billion yuan in 1-year central bank bills. The winning interest rates were 2.85% and 2.90%, respectively.
On November 16, the People's Bank of China launched a medium-term lending facility (MLF) operation with an operating amount of 800 billion yuan and an interest rate of 2.95%.
On November 20, the People's Bank of China authorized the National Interbank Funding Center to announce the loan market quoted interest rate (LPR), with a 1-year LPR of 3.85% and an LPR of more than 5 years of 4.65%.
On November 23, the People's Bank of China and the Central Bank of Russia renewed a bilateral local currency swap agreement with a scale of 150 billion yuan/1.750 billion rubles.
On November 23, the People's Bank of China and the Hong Kong Monetary Authority signed a bilateral local currency swap revision agreement, expanding the swap scale to 500 billion yuan 590 billion Hong Kong dollars.
On November 26, the China Monetary Policy Implementation Report for the Third Quarter of 2020 was released.
On November 27th, the People’s Bank of China launched the eleventh central bank bill swap (CBS) operation in 2020 for primary dealers in open market business, with a rate of 0.10%, a bid amount of 5 billion yuan, and a term of 3 months. .
On November 30, the People's Bank of China launched a medium-term lending facility (MLF) operation with an operating amount of 200 billion yuan and an interest rate of 2.95%.
On December 3, the People's Bank of China and the China Banking and Insurance Regulatory Commission jointly issued the "Measures for the Evaluation of Systemically Important Banks" (Yinfa [2020] No. 289), establishing an evaluation framework for my country's systemically important banks.
On December 11, in order to further improve the macro-prudential management of full-scale cross-border financing and guide financial institutions to adjust the foreign exchange asset and liability structure in a market-oriented manner, the People’s Bank of China and the State Administration of Foreign Exchange decided to change the macro-prudential adjustment parameters of financial institutions’ cross-border financing from 1.25 Downgrade to 1.
On December 15, the People's Bank of China launched a medium-term lending facility (MLF) operation with an operating amount of 950 billion yuan and an interest rate of 2.95%.
On December 21, the People's Bank of China authorized the National Interbank Funding Center to announce the loan market quoted interest rate (LPR). The 1-year LPR is 3.85% and the 5-year LPR is 4.65%.
On December 23, the People's Bank of China Announcement [2020] No. 19 (Regulating Information Disclosure of Commercial Acceptance Bills) was issued to clarify the face information of commercial acceptance bills and the credit information disclosure requirements of acceptors.
On December 23, the People's Bank of China successfully issued 10 billion yuan of central bank bills in Hong Kong with a maturity of 6 months and a winning interest rate of 2.70%.
On December 24, the People's Bank of China launched the twelfth central bank bill swap (CBS) operation in 2020 for primary dealers in the open market business, with a rate of 0.10%, a bid amount of 5 billion yuan, and a term of 3 months. .
On December 25, the Monetary Policy Committee of the People's Bank of China held the 2020 fourth quarter regular meeting.
On December 25, the People's Bank of China Announcement [2020] No. 21 (Improving the Management of Spot Bond Market Makers in the Interbank Bond Market) was issued to strengthen the management during and after the cancellation of the administrative license.
On December 28, the People's Bank of China, the National Development and Reform Commission, and the China Securities Regulatory Commission jointly issued the "Administrative Measures for the Disclosure of Corporate Credit Bond Information" to unify corporate credit bond information disclosure standards.
On December 31, the People's Bank of China and the China Banking and Insurance Regulatory Commission jointly issued the "Notice on Establishing a Centralization Management System for Real Estate Loans of Banking Financial Institutions" (Yinfa [2020] No. 322).
On December 31, the People’s Bank of China, in conjunction with the China Banking and Insurance Regulatory Commission, the Ministry of Finance, the National Development and Reform Commission, and the Ministry of Industry and Information Technology, issued the “Regarding the Continued Implementation of the Inclusive Small and Micro Enterprise Loan Deferred Repayment Policy and Inclusive Small and Micro Enterprise Credit Loan Support The Notice on Policy-Related Matters (Yinfa [2020] No. 324) extends the implementation period of the deferred principal and interest payment policy for inclusive small and micro enterprise loans and the inclusive small and micro enterprise credit loan support policy to March 31, 2021.
On December 31, the People's Bank of China decided that from January 1, 2021, the credit card overdraft interest rate will be determined by the card issuer and the cardholder through independent negotiation, and the upper and lower limit of credit card overdraft interest rate management will be cancelled.