China’s central bank has sent a strong signal it wants to keep the Chinese yuan from weakening too quickly against the U.S. dollar, economists said.
FINANCE
China Delays Key Annual Financial Forum Amid Covid Flare-Up
China has postponed an important annual financial forum in Shanghai this week, according to local officials, as the country battles a new wave of Covid outbreak.
China to boost science popularization by highlighting cyberspace, social funds
The country will strengthen the coordination of over 40 government agencies to jointly implement a newly issued official document on the work of science and technology popularization in the new era, …
China’s Foreign Investment Data Distorted by Hong Kong Flows
China’s government data show foreign investment into the economy grew by almost a fifth this year, a feat highlighted by officials as evidence global companies are resisting calls from US and European …
Live news updates: China’s central bank sets renminbi midpoint at weakest level in 2 years
China’s central bank fixed its reference rate for the renminbi at its weakest level in two years on Tuesday as the currency depreciates against a buoyant dollar. The People’s Bank of China set the …
China’s Lockdown Hits City of 6 Million; Chengdu Still Shut
China sealed off parts of Guiyang, capital of the mountainous southern Guizhou province, as an increase in virus cases triggered a stringent response in line with the country’s Covid Zero strategy.
China Is Taking More Visible Measures to Slow Currency’s Descent
China set a stronger-than-expected exchange-rate fixing for a 10th straight day and said it will allow banks to hold less foreign currencies in reserve, its most substantial moves yet to stabilize a …
China central bank to cut FX reserve ratio to help limit yuan weakness
China’s central bank said on Monday it will cut the amount of foreign exchange reserves that financial institutions must hold, a move seen as aimed at slowing the yuan’s …
The digital yuan offers China a way to dodge the dollar
China’s dependence on the dollar has long been a source of frustration in Beijing. It not only cements China’s vulnerability to sanctions, but also exposes China to America’s macroeconomic whims. To …
Update: China’s central bank to cut forex reserve requirement ratio by 2 percentage points
China’s central bank on Monday said that it will cut the foreign exchange reserve requirement ratio for financial institutions by 2 percentage points from Sept. 15. The reserve requirement ratio will …
China’s Central Bank Moves to Slow Yuan Depreciation
The People’s Bank of China would cut the foreign exchange reserve requirement ratio by 2 percentage points to 6%, an attempt to bolster the country’s rapidly weakening currency.
China’s central bank to cut forex reserve requirement ratio by 2 percentage points
China’s central bank said on Monday that it will cut forex reserve requirement ratio for financial institutions by 2 percentage points from Sept. 15. The reserve requirement ratio will be reduced to 6 …
China c.bank to cut FX reserve ratio to help limit yuan weakness
China’s central bank said on Monday it will cut the amount of foreign exchange reserves that financial institutions must hold, a move seen as aimed at slowing the yuan’s recent depreciation.