China raises banks' foreign-currency reserve requirement.
Today's events
Foreign-currency reserves.
Central bank will raise the reserve ratio on banks' foreign-currency deposits to 6% from 4% on Nov 15, citing foreign-exchange liquidity management.1Nov 3 · Central BankWuzhen keynote.
Premier Li Qiang told the World Internet Conference that machines must remain humanity's trustworthy tools, and opposed any “digital iron curtain” in cyberspace.2Nov 3 · State CouncilBuyback loans, permanent.
Central bank, financial regulator and securities commission turned share-buyback relending into a standing facility and cut its rate to 1% from 1.25%.3Nov 2 · Central BankYellow River directive.
Xi issued instructions to keep improving the basin's “broad protection, broad coordination” framework, citing 80 years of Party stewardship of the river.4Nov 2 · XinhuaIran security talks.
Vice foreign minister met Iran's deputy national security chief in Beijing for talks on bilateral ties and the Middle East and Gulf situation.5Oct 31 · Foreign MinistryMekong 2.0.
Foreign minister hosts the five Mekong countries' foreign ministers in Beijing this week to sketch a “Lancang-Mekong 2.0” blueprint in the grouping's tenth year.6Nov 2 · Foreign MinistryStorage standards.
Market regulator counts 150 national and industry standards for new-type energy storage, whose 153-gigawatt fleet is more than half the world's installed capacity.7Nov 3 · Market RegulatorAntarctic law.
Legislature's third-reading draft on Antarctic activities adds a state expedition system and protection of Chinese citizens' and companies' rights on the continent.8Nov 3 · LegislatureAdvisory body convenes.
The top political advisory body opened a session on the Communist Party's fifth-plenum decision on strict governance, with the anti-corruption chief delivering the report.9Nov 3 · Military Online
Voices
“The Party has led the people in managing the Yellow River for 80 years, fundamentally changing the historical pattern of ‘two breaches every three years.’”
Xi Jinping, General Secretary of the Communist Party · Nov 24
“However powerful the internet becomes and however human-like artificial intelligence becomes, human primacy must be upheld, and machines must always remain humanity's trustworthy tools.”
Premier Li Qiang, World Internet Conference, Wuzhen · Nov 32
“To strengthen foreign-exchange liquidity management at financial institutions, the People's Bank of China will raise the foreign-currency deposit reserve ratio from 4% to 6% on November 15.”
People's Bank of China, policy notice · Nov 31
“Over the past ten years, with the joint efforts of the riparian countries, Lancang-Mekong cooperation has grown into the most dynamic and promising ‘golden model’ of regional cooperation.”
Foreign Ministry Spokesperson Mao Ning · Nov 26
“The people's political consultative conference must always uphold the Communist Party's overall leadership and the Central Committee's centralized, unified leadership.”
Wang Huning, Chairman of the Political Consultative Conference · Nov 39
“The State shall establish and improve a system for Antarctic expeditions, and strengthen the management and regulation of Antarctic expedition activities.”
Antarctic Activities and Environmental Protection Law, third-reading draft · Nov 38
Sources
- People's Bank of China, “The People's Bank of China Decides to Raise the Foreign-Currency Deposit Reserve Ratio of Financial Institutions,” November 3, 2026. pbc.gov.cn/goutongjiaoliu/…/fx-deposit-reserve-ratio
- State Council of the PRC, “Keynote Speech by Premier Li Qiang at the Opening Ceremony of the 2026 World Internet Conference Wuzhen Summit (Full Text),” November 3, 2026. gov.cn/yaowen/…/li-qiang-wuzhen-keynote
- People's Bank of China, “PBOC, Financial Regulatory Administration and Securities Regulatory Commission Hold Symposiums on the Two Capital-Market Support Tools,” November 2, 2026. pbc.gov.cn/goutongjiaoliu/…/capital-market-tools
- Xinhua (via Cyberspace Administration of China), “Xi Jinping Issues Important Instructions on Further Strengthening Yellow River Protection and Management,” November 2, 2026. cac.gov.cn/2026-11/02/…/yellow-river-instructions
- Ministry of Foreign Affairs, “Vice Foreign Minister Miao Deyu Holds Talks with Iranian Deputy Supreme National Security Council Secretary Bagheri,” October 31, 2026. fmprc.gov.cn/wjbxw_new/…/miao-deyu-bagheri-talks
- Ministry of Foreign Affairs, “Foreign Ministry Spokesperson Mao Ning's Regular Press Conference,” November 2, 2026. mfa.gov.cn/wjdt/fyrbt/…/mao-ning-nov-2
- State Administration for Market Regulation, “Effective Implementation of Standards Helps the New-Type Energy Storage Industry Move to the ‘Main Track’,” November 3, 2026. samr.gov.cn/xw/sj/…/energy-storage-standards
- National People's Congress, “Third-Reading Draft of the Antarctic Activities and Environmental Protection Law Submitted for Review: Strengthening the Management and Regulation of Antarctic Expeditions,” November 3, 2026. npc.gov.cn/c2/c30834/…/antarctic-law-third-reading
- China Military Online, “19th Session of the 14th CPPCC National Committee Standing Committee Opens; Wang Huning Presides, Li Xi Delivers Report,” November 3, 2026. 81.cn/ss_208539/…/cppcc-standing-committee