Sunday, Feb 05, 2023

People’s Bank of China


China says all crypto-related transactions are illegal

September 24, 2021 4:42 pm

All cryptocurrencies, including Bitcoin and Tether, are not fiat currency and cannot be circulated on the market, the People’s Bank of China said on its website.

China's yuan weakens as Fed rate hike expectations grow

May 31, 2016 2:22 pm

The monthly drop of the yuan in May is likely to exceed its December decline of 1.5 per cent, when the Federal Reserve interest rate hike that month had led to a record monthly fall in China's forex reserves.

China FX trading moves into shadows as Beijing tightens screws

May 09, 2016 8:14 am

The central bank's attempts to deter speculation on the Chinese currency in the last few months have depressed a range of yuan assets offshore, including yuan-denominated "dim sum" bonds.

Volatile living: Bold monetary experiments of Raghuram Rajan's RBI

November 15, 2013 11:37 am

Steps taken by Indian,Chinese central banks this year might one day be hailed as a success.

China growth rebounds to 7.8% in Q3

October 19, 2013 1:23 am

China’s economy grew at its quickest pace this year between July and September in a rebound fuelled largely by investment.

BRICS may decide on $100 bn fund at G20 summit

August 29, 2013 1:30 am

BRICS countries may reach consensus at next month’s G20 summit on creating a $100 billion currency reserve.

China frees up bank lending rates in major reform push

July 20, 2013 1:32 am

Long-awaited step: The measure gives commercial banks in the country freedom to compete for borrowers

Strong central bank midpoint pushes China's yuan to record high

April 02, 2013 10:29 am

China's yuan hit a record high versus the dollar for the second straight day in early trade on Tuesday.

China central bank head to spur reforms through tough waters

March 16, 2013 4:41 pm

'The reform task for Zhou will be very arduous and it may not even be completed during his tenure.'

Dip in China’s forex reserves may hasten policy shift

January 14, 2012 12:53 am

Dip signals that days of export-led accumulation of foreign currency are numbered