People's Bank of China

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China doubles down on crypto crackdown as central bank vows to expand digital yuan

China on Monday reaffirmed its hardline approach towards virtual currencies at home, warning of the risks of stablecoins, despite growing…

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China should step up borrowing to boost domestic demand, economist says

China’s central government should borrow more to lift domestic demand through supportive monetary and fiscal policy, a Chinese economist has…

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China’s central bank sets daily yuan rate against US dollar at strongest level in a year

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

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Macroscope | Global uncertainty driving gold prices higher despite bubble fears

Goldbugs have a spring in their step these days. In the third quarter of this year, gold was the second-best…

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China’s central bank aids gold’s record-setting run with 11-month buying streak

Even after a record-setting run, the price of gold appears poised for further gains, as China’s central bank extended its…

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US government frozen after shutdown, but China talks still in motion: analysts

While the domestic consequences of this week’s shutdown of the United States federal government are clear, analysts said the implications…

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HSBC, Standard Chartered complete first yuan repo under new scheme

Hong Kong note-issuing banks HSBC and Standard Chartered on Monday completed trades at the launch of the city’s cross-boundary bond…

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China’s Henan province merges 82 rural banks in new step to shore up financial stability

Authorities in Henan province, central China, have approved the merger of 82 small rural financial institutions into a single regional…

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China rate cuts likely in fourth quarter amid growth concerns: Goldman Sachs

China’s central bank appears increasingly likely to ease its monetary stance in the fourth quarter, according to Goldman Sachs, as…

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Will China’s digital yuan centre be a step forward for internationalisation?

China is stepping up efforts to encourage the use of its digital yuan in cross-border payments and overseas markets, offering…

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