People's Bank of China

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China’s Hainan launches separate customs regime allowing tariff-free imports

China’s southern Hainan province implemented a separate customs regime on Thursday, as Beijing seeks to develop the island into an…

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China issues 11-point policy package to boost consumer spending amid slowing retail sales

China has announced a new policy package to boost household spending by tightening coordination between commerce and financial regulators, expanding…

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China’s currency comeback: yuan seen as strong as 6.8 in 2026, breaking key dollar level

China’s currency appears poised to break through the psychological 7.0-per-dollar barrier next year, fuelled by US Federal Reserve rate cuts…

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China’s risky shadow banks back in spotlight after Beijing’s debt crackdown

China’s crackdown on borrowing by local governments is forcing state-run entities in even some of the wealthiest provinces to tap…

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China’s central bank vows to stamp out ‘illegal activities’ like trading in stablecoins

Beijing has reaffirmed its tough stance on virtual currencies, warning of a resurgence in speculative trading and vowing to stamp…

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China sets strongest yuan fix in over a year as Fed-cut bets rise

China’s central bank has set the yuan’s daily reference rate against the US dollar at the strongest level in more…

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Yuan’s long-term hedge costs equalise for first time since 2011

An options market gauge showing the cost to hedge against declines or advances in the yuan has turned neutral for…

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Exclusive | Why US economist Nicholas Lardy thinks the ‘peak China’ theory has peaked

Nicholas Lardy is a non-resident senior fellow at the Peterson Institute for International Economics and a member of the Council…

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Yuan rapidly gaining ground as Chinese firms plot global expansion

Chinese companies expanding overseas are increasingly using the yuan for financing and payments to build their international operations, boosting the…

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As China’s central bank projects confidence, are rate cuts on the back burner?

China’s central bank vowed to maintain an accommodative monetary policy stance and improve policy transmission to support the “steady” economy…

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