China’s central bank is paying “intimate attention” to recent renminbi depreciation and will maintain its policy of letting market fundamentals guide the renminbi exchange rate, People’s Bank of China governor Yi Gang said on Tuesday.…
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China central bank blames yuan moves on dollar rise, external uncertainty
SHANGHAI: China’s central bank chief on Tuesday blamed the yuan’s recent weakness on the US dollar’s strength and external uncertainties, as state-owned banks were seen trying to prop up the currency. “Recently, there have been…
China Bank’s Capital Almost Wiped Out as Loan Rules Tighten
A surge in bad loans has nearly wiped out the capital of a Chinese rural bank, according to a local ratings firm, raising fresh doubts about the financial health of the nation’s smaller lenders. Guiyang…
Beijing softens tone on debt crackdown as trade tensions threaten growth
Beijing has signalled a softer stance in its campaign to cut … The MPC is the highest monetary advisory body to the People’s Bank of China (PBOC), the country’s central bank. There was no briefing…
China leads drop in global stocks on trade tension
On Sunday, the Financial Times reported that the European Commission warned … to the US president’s threat to add tariffs on imported vehicles. Pressure on China’s bourses came alongside a further weakening in the renminbi,…
China Development Bank to sell bonds worth US$5.28 billion on connect programme anniversary
China Development Bank, a policy lender that supports state projects, said on Monday it will sell 35 billion yuan (US$5.28 billion) of debt that offshore investors can buy through the bond connect programme with Hong…
China’s central bank injects liquidity into market in June
BEIJING – China’s central bank said Monday it continued to pump cash into the money market in June to meet financial institutions’ demand for liquidity. The People’s Bank of China (PBOC) said 663 billion yuan…
China’s central bank drains 20b yuan from market
BEIJING – China’s central bank drained 20 billion yuan ($3 billion) from the financial system on Monday to ensure stable liquidity. The People’s Bank of China (PBOC) didn’t pump any money into the market through…
China’s central bank drains 20 bln yuan from market
BEIJING, July 2 (Xinhua) — China’s central bank drained 20 billion yuan (about 3 billion U.S. dollars) from the financial system on Monday to ensure stable liquidity. The People’s Bank of China (PBOC) didn’t pump…
China Development Bank to issue $5.3 bln bonds via ‘connect’ initiative
(ECNS) – China Development Bank (CDB), a major policy bank, is expected to issue 35 billion yuan ($5.29 billion) financial bonds to global investors on July 3 under a “bond connect” plan as the initiative…
Renminbi’s worst month ever sparks US-China currency war fears
The renminbi’s 1.9 per cent fall last week was its second-biggest weekly decline, trailing only mid-August 2015, when the People’s Bank of China shocked global markets by announcing a sudden policy change that unleased a…
Asian shares rally on China rebound; trade worries linger
After falling to fresh two-year lows on Thursday, shares in China rebounded Friday. While analysts said the jump reflected technical factors, it was helped by news that Beijing would ease foreign investment curbs on sectors…
China commerce minister says will significantly widen market access
Zhong said economic globalisation is an irreversible trend and that China will continue to defend the global multilateral trading system. Beijing on Thursday unveiled a long-anticipated easing of foreign investment curbs on sectors including banking…
