The People’s Bank of China, the country’s central bank, and the State Administration of Foreign Exchange announced in a joint statement on Thursday the intention to raise the parameter, which allows …
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China Ramps Up Yuan Support With Fixing, Borrowing Measure Tweak
The yuan surged after China stepped up its support for the managed currency with a stronger-than-expected reference rate and a change to its capital curbs to lure inflows.
Aussie surges after strong jobs data; China’s yuan jumps
The Australian dollar surged on Thursday after the country’s employment data came in way above expectations, while the yuan marched higher after China moved to stem its currency’s decline by relaxing …
Morning Bid: China to keep rates on hold … for now
The focus in Asia on Thursday turns to the People’s Bank of China (PBOC). After keeping the rate on maturing medium-term policy loans rolled over this week unchanged, all 26 analysts in a Reuters poll…
ASIA China to keep rates on hold … for now
The focus in Asia on Thursday turns to the People’s Bank of China (PBOC). After keeping the rate on maturing medium-term policy loans rolled over this week unchanged, all 26 analysts in a Reuters poll…
Marketmind: China to keep rates on hold … for now
(Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. China’s central bank is expected to leave key interest rates on hold on Thursday, but the …
Biden needs to deal with China’s ever-closer ties to Iran
Iranian economic cooperation, as well as the Chinese-brokered detente between Iran and Saudi Arabia, exemplify the need for Washington’s attention.
China’s central bank structural policy tools rise to $952 billion
China’s outstanding structural policy tools totalled 6.87 trillion yuan ($952.14 billion) at the end of June, the central bank said on Wednesday, up 0.7% from 6.82 trillion yuan at the end of March.
China’s digital yuan transactions seeing strong momentum, says cbank gov Yi
Transactions using China’s digital yuan hit 1.8 trillion yuan ($249.33 billion) at end-June, the country’s central bank governor Yi Gang said on Wednesday, marking a jump from over 100 billion yuan as …
China’s c.bank structural policy tools rise to $952bln
China’s outstanding structural policy tools totalled 6.87 trillion yuan ($952.14 billion) at the end of June, the central bank said on Wednesday, up 0.7% from 6.82 trillion yuan at the end of March.
China’s digital currency: Bank of China helps mainland tourists spend e-CNY in Hong Kong at select retailers
Bank of China Hong Kong kicked off a new e-CNY trial with 200 merchants on Tuesday, its third in the city to test cross-border payments of China’s sovereign digital currency.
China to sell US$1.7 billion of government bonds in Hong Kong in August to promote yuan’s internalisation, tap cheaper money
Beijing will sell 12 billion yuan of offshore bonds as it continues its efforts to promote the yuan internationally Demand for yuan-denominated financial products is rising as countries from Brazil to …
China’s fiscal revenues hit 11.92 trillion yuan in first half year, up 13.3%: Finance Ministry
The steady recovery of Chinese economy will provide significant support for the continued growth of fiscal revenue in the coming months, the Ministry of Finance said on Wednesday. Xue Xiaoqian, an …
