People's Bank of China

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China’s yuan reshaping global order – but US-backed stablecoins seen as a threat

The yuan’s internationalisation remains on an upwards, if uneven, trajectory and is gradually reshaping the global monetary order, according to…

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China’s monetary policy impact not yet unleashed, PBOC says with 5% GDP goal in mind

China’s central bank intends to carefully calibrate the intensity and pace of its “moderately loose” monetary policy implementation, taking steps…

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China expands Bond Connect by allowing more players to join banks in offshore market

China expanded the scope of investors to include more mainland-based financial groups under the eight-year-old Bond Connect programme, taking a…

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Explainer | How can China get consumers spending? Here are 5 ideas being floated in Beijing

China has made boosting consumer spending a key policy priority in recent months, as it tries to rebalance its economy…

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Why China’s yuan is forecast to extend gains against the US dollar through 2025

Market optimism for the Chinese currency continues to rise, with analysts projecting the yuan to appreciate further against the US…

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Shanghai Gold Exchange launches first offshore vault in Hong Kong

The Shanghai Gold Exchange opened its first offshore warehouse in Hong Kong on Thursday, a move that is likely to…

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China’s central bank doubles down on financing support to boost consumption

China is doubling down on its efforts to encourage domestic consumption, with the central government and the country’s wealthiest province…

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Breaking | Mainland China, Hong Kong launching Payment Connect scheme to facilitate capital flows

China’s central bank is launching a new connect programme with Hong Kong to facilitate cross-border payments – Beijing’s latest move…

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Hong Kong stocks gain as PBOC’s benchmark-rate choice spurs optimism on economy

Hong Kong stocks rose on Friday, paring the week’s losses as China’s decision to stand pat on a benchmark interest…

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China will boost the yuan’s global reach with new operations centre, PBOC says

China will set up an “international operations centre” for the digital yuan to boost the global influence of the renminbi,…

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