Business
China’s renminbi climbs to 15-month high, overcoming weak PBOC fixing
On Dec 23, onshore yuan ends at 7.0287 per US dollar, while its offshore counterpart fetches 7.0181 at 4.30pm SGT China’s renminbi climbed…
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PBOC
Business
Hong Kong stablecoin stocks slump after PBOC vows cryptocurrency crackdown
Hong Kong-listed stocks with cryptocurrency-related businesses tumbled on Monday (Dec 1) after China’s central bank vowed to crack down on…
Business
Chinese bonds see no haven demand from stock losses on PBOC bets
The central bank’s reluctance to ease its policy further remains the core issue weighing on the debt market China’s stock and bond markets…
Business
China expected to keep rates steady for sixth month as PBOC turns less dovish
The consensus comes after the central bank this month maintained its seven-day reverse repo rate, which now serves as a major policy rate…
News
PBOC governor warns on stablecoin risks as global anxiety builds
People’s Bank of China (PBOC) governor Pan Gongsheng stiffened warnings on the risks around stablecoins, as the digital tokens usually…
Business
PBOC unswayed by US Fed as policy choices hinge on data at home
The economy’s slower nominal growth also implies that the earnings of companies and individuals are increasing at a weaker rate with…
Business
China bond slump fuels speculation PBOC will resume debt buying
The Chinese bond sell-off that drove benchmark yields to the highest level in nine months last week is spurring speculation that the…
Business
China's PBOC extends currency swap pacts with ECB, Swiss, Hungarian central banks
China’s central bank has extended currency swap agreements with the European Central Bank and the central banks of Switzerland and…
Business
PBOC signals no urgency for rate cuts despite poor economic news
China’s central bank indicated it’s holding back from aggressively easing monetary policy with moves such as interest-rate cuts, even…
Business
PBOC to boost financing support for tech, consumption growth
China’s central bank pledged to strengthen financial support to key areas including tech and consumption, as it moves further away from…
Business
MAS, PBOC to deepen collaboration in green and transition finance
The central banks of Singapore and China reaffirmed their commitment to push on with their cooperation in green and transition finance. At…
Business
MAS, PBOC to deepen cooperation in green and transition finance
The central banks of Singapore and China reaffirmed their commitment to push on with their cooperation in green and transition finance. At…
Culture
PBOC adviser urges 1.5 trillion yuan stimulus to counter US tariffs
China should add as much as 1.5 trillion yuan (S$268 billion) in fresh stimulus to boost consumer spending and maintain currency…
News
Former PBOC deputy governor Liu Guiping to head Bank of China: sources
China will appoint financial veteran Liu Guiping as chairman of Bank of China, the nation’s fourth largest state-owned bank, two sources…
News
PBOC seen deploying stimulus soon on tariff risks, cash shortage
Global lenders such as JPMorgan Chase expect China to deliver its long-awaited monetary stimulus as early as in April, with timing likely…
Business
PBOC injects most short-term funds this month amid cash crunch
The PBOC has been tolerating a surge in repo rates and kept liquidity conditions tight, aiming to support the yuan amid economic headwinds…
Business
PBOC says it will temporarily halt buying of government bonds
CHINA’S central bank said it will temporarily halt its buying of government bonds, after the benchmark yield slid to a record low this…
Business
PBOC halts bond buying to defend yuan as economic gloom worsens
CHINA’S central bank said it will suspend buying government bonds, its latest attempt to temper investor bets on weak economic growth that…
Business
PBOC maintains support for yuan with fix stronger than key level
CHINA reaffirmed its support for the yuan after allowing the currency to slip below a key support level in the last session. The People’s…
News
PBOC seen delaying RRR cut after adding liquidity via new tools
CHINA’S central bank injected massive liquidity into the market at the end of 2024 without using high-profile stimulus, as officials…
Business
PBOC offers strongest yuan support since July after US dollar gains
CHINA ramped up support for the currency via its daily reference rate after US Federal Reserve’s caution over future interest rate cuts…
Business
PBOC head vows to boost China countercyclical monetary measures
CHINA’S central bank chief pledged to maintain an accommodative monetary policy stance and to double down on countercyclical adjustments…