All these guesses would have been wrong. The first to budge this year? The People’s Bank of China. On February 3rd the Chinese central bank raised a series of short-term rates. The decision received scant…
FINANCE
Bitcoin trading shrivels under Chinese government’s glare
Trading volumes at China’s three largest bitcoin exchanges have plummeted after the central bank put the virtual currency market under sharper scrutiny a month ago in a move that coincided with official efforts to stem…
China's Central Bank Issues New Warning to Bitcoin Exchanges
The People’s Bank of China issued a new statement today in which it laid out in writing the warning it issued to nine domestic startups in a meeting yesterday. The post, issued via the central…
China Bitcoin Exchanges Halt Withdrawals After Central Bank Talk
China is cracking down on capital outflows as the yuan weakens China’s three biggest bitcoin exchanges took steps to prevent withdrawals of the cryptocurrency amid pressure from the nation’s central bank to clamp down on…
Central bank withdraws liquidity for three weeks
BEIJING – China’s central bank has drained liquidity from the market for three consecutive weeks, as demand for funds fall after the Lunar New Year holiday. The People’s Bank of China (PBOC) withdrew 625 billion…
Trump changes tack, backs “one China” policy in call with Xi
BEIJING/WASHINGTON (Reuters) – U.S. President Donald Trump changed tack and agreed to honor the “one China” policy during a phone call with China’s leader Xi Jinping, a major diplomatic boost for Beijing which brooks no…
Trump backs “one China” policy in call with Xi
BEIJING/WASHINGTON (Reuters) – U.S. President Donald Trump changed tack and agreed to honor the “one China” policy during a phone call with China’s leader, a major diplomatic boost for Beijing which brooks no criticism of…
China central bank warns bitcoin exchanges that violations could mean closure
SHANGHAI China’s central bank said on Thursday it met with nine of the country’s smaller bitcoin exchanges to discuss risks and problems in the bitcoin market, and warned them that they risk closure should they…
Trump may soon label China a currency manipulator, Deutsche Bank says
The Trump administration could soon move to label China a currency manipulator and impose penalties like higher taxes on Chinese imports. President Donald Trump has repeatedly bashed China, accusing the world’s second-largest economy of cheating…
Alibaba's Ant Financial to raise as much as $3 billion in debt: source
HONG KONG China’s most valuable online finance company, Ant Financial, is in early stage talks with banks to raise between $2 billion to $3 billion in debt to fund acquisitions and foreign investments, a person…
China's response to THAAD does not warrant South Korean action: minister
SEOUL South Korea’s finance minister said on Thursday China had not taken any retaliatory measures over plans to deploy a U.S. anti-missile system that warranted official action, although South Korea is ready to lodge a…
China central bank says warned bitcoin exchanges of closure risk on rule violations
The People’s Bank of China said in a statement on its website that it had told the exchanges during the Wednesday meeting not to take part in financial activities such as margin lending or allow…
China, U.S. help Pernod beat estimates, India lags
“We are not changing our guidance despite this headwind in India which is offset by a better-than-expected performance in China,” Chief Executive Alexandre Ricard told Reuters by phone. The owner of Absolut vodka, Martell cognac…
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