People's Bank of China

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China expands ‘circle of friends’ as overseas investors boost domestic assets

China’s top financial officials said the country’s assets have become much more attractive to overseas capital in the past year…

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Hong Kong firms tap new Swap Connect rule to hedge yuan rate risks

Companies in Hong Kong moved swiftly on Monday to take advantage of a new Swap Connect rule that lets them…

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After Fed rate cut, only moderate easing expected by China’s central bank, supporting yuan

After the US Federal Reserve delivered its first interest rate cut of the year, analysts said China’s central bank was…

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Chinese province floats new use for digital yuan: paying long-delayed debts

China is mulling the application of its digital yuan – the central bank-backed currency also known as the e-CNY –…

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China eyes honing its bond issuance mechanism to boost yuan’s global role

China’s central bank and finance ministry have discussed creating a better mechanism for issuing sovereign debt overseas, as Beijing eyes…

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China’s yuan set for more gains against US dollar as Fed sends dovish signals

The Chinese yuan is set to continue making gains against the US dollar over the coming months, as China’s central…

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China’s yuan fixing rate hits 9-month high after dovish pivot by US Fed chair

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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Chinese researchers lodge concerns over US debt as Beijing limits exposure

Calls for China to gradually reduce its exposure to US dollar assets are growing louder as Washington’s national debt continues…

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China seeks to bolster demand by subsidising interest costs on consumer loans

China has launched a year-long plan to offer interest subsidies for personal consumer loans as part of Beijing’s broader efforts…

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China’s money launderers exploited a gem of a loophole – Beijing just plugged it

China’s dealers of precious metals and gemstones – including gold, diamonds and rubies – must comply from today with a…

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