Pan Gongsheng

New Business

China opts for stability over devaluation as tariff tremors give yuan a jolt

While China’s central bank has set the yuan’s daily reference rate to a four-month low against the US dollar, the…

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New Business

China battles to stabilise yuan after Trump’s tariffs spark market upheaval

China’s central bank set the fixing rate for the yuan against the US dollar at its lowest level since January…

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New Business

China’s central bank to create ‘more tools’ to shore up economy

China’s central bank said on Thursday that it was looking into creating more structural tools to support innovation, domestic consumption…

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Chinese bonds’ biggest bull run in a decade stumbles as re-rated stocks take the spotlight

The biggest bull run in China’s bond market in a decade has faltered, as the central bank’s delay in easing…

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China’s central bank vows to ease funding pressures on private sector

Chinese financial regulators have pledged to lower funding costs and open up fundraising options for the private sector, in the…

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China issues US$8.2 billion in bills in Hong Kong to stabilise yuan amid trade tensions

The People’s Bank of China (PBOC) said it would tender central bank bills totalling 60 billion yuan (US$8.2 billion) in…

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HKMA plans to launch US$13.7 billion facility to support yuan-settled international trade

The Hong Kong Monetary Authority (HKMA) said it would launch a 100 billion yuan (US$13.7 billion) funding facility at the…

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Year of the Snake: ANZ expects Hong Kong’s economy to benefit from capital flow, rate cut

Beijing’s recent measures will lead to more capital flows into Hong Kong equities, becoming a key driver of the city’s…

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My Take | Beijing’s US$3.2 trillion question: how much of China’s forex reserves go to Hong Kong?

China’s central bank chief Pan Gongsheng promised to park more of the country’s US$3.2 trillion foreign exchange reserves in Hong…

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China logs 5% GDP growth in 2024 as exports, stimulus provide year-end boost

China has reached its 2024 target for economic growth, recording a 5 per cent increase to its gross domestic product…

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