People's Bank of China

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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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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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