People's Bank of China

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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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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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