People's Bank of China

New Business

China’s central bank signals reserve ratio, interest rate cuts in 2026

China’s central bank has reiterated its commitment to a “moderately loose” policy stance in 2026, pledging stronger countercyclical and cross-cycle…

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New Business

US dollar, gold rise after Maduro seizure as investors seek safe havens

Safe-haven assets, including gold and the US dollar, gained further traction after the United States’ capture of Venezuelan leader Nicolas…

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New Business

How China is upgrading its digital yuan for the stablecoin era

In an effort to offer an alternative amid the global rise of stablecoins – cryptocurrencies pegged to a reference asset,…

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OCBC, Bangkok Bank, First Abu Dhabi join Hong Kong’s US$14 billion offshore yuan scheme

Leading banks from Southeast Asia and the Middle East – including OCBC, Bangkok Bank, First Abu Dhabi Bank and Qatar…

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China has logged a US$1 trillion trade surplus. Where is all that money going?

Recent data on China’s external accounts presents a conundrum: while the country’s trade surplus has broken records, surpassing the US$1…

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China sets yuan fixing rate at 15-month high amid offshore gains

China’s central bank has set the yuan’s daily reference rate at its strongest level in 15 months, as the currency…

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Firmer yuan fuels Chinese share gains on bets Beijing will tolerate appreciation

Mainland Chinese stocks edged up on Friday, supported by a firmer yuan after the currency strengthened beyond the 7-per-US-dollar mark,…

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China’s offshore yuan breaks major benchmark as appreciation momentum builds

China’s offshore yuan strengthened further on Thursday, dipping below the benchmark rate of seven against the US dollar – another…

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China shares edge lower as hopes fade for near-term stimulus boost

Mainland Chinese stocks fell on Thursday, as hopes for stronger near-term policy support faded after the central bank reiterated a…

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New Business

China expands digital-yuan push to Singapore and Asean trade routes

In an effort to further promote the internationalisation of China’s currency, Beijing has pledged to expand the use of its…

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