China’s central bank has relaxed some of the curbs on cross-border capital outflows it put in place just months ago to shore up the yuan currency, banking sources said on Wednesday.
The first easing of the measures comes as China’s leaders and financial markets feel more confident that pressure on the yuan and the country’s foreign exchange reserves have diminished,Read more
China’s central bank in March sold the smallest amount of foreign exchange in 10 months, reinforcing signs of easing capital outflows due to regulatory curbs and a pause in the dollar’s rally.
Net foreign exchange sales by the People’s Bank of China (PBoC) were 54.7 billion yuan ($7.94 billion) last month, according to Reuters calculations based on central bank’s dataRead more
China’s factory activity expanded faster than expected in February as domestic and export demand picked up, adding to signs that the global economy is regaining momentum even as fears grow of a surge in trade protectionism.
Growth in both output and orders accelerated last month, according to official and private factory surveys on Wednesday, giving the government more room toRead more
China’s central bank said on Friday it plans to tighten up its oversight in a range of areas including corporate debt and bank assets, as policymakers fret over fast-rising leverage and the risk of asset bubbles in the rapidly growing economy.
The People’s Bank of China (PBoC) also said it will keep the yuan currency basically stable while maintaining aRead more
China’s central bank raised interest rates on a key funding tool, the medium-term lending facility (MLF), on Tuesday in its latest bid to cut debt levels and bolster financial stability.
Policymakers are trying to keep the world’s second-largest economy sufficiently greased to counter an economic slowdown while also managing risks created by an explosive growth in debt that has fueledRead more
China’s central bank sold a net $46.1 billion worth of foreign exchange in December, as the authorities continued to support the sliding yuan in the face of a rising dollar and slowing economic growth.
Net foreign exchange sales by the People’s Bank of China (PBOC) amounted to 317.8 billion yuan ($46.1 billion), according to Reuters calculations based on central bankRead more
Bitcoin plunged by as much as 12 percent on Friday after China’s central bank urged investors to take a rational and cautious approach to investing in the digital currency, which is on track for its heaviest two-day drop in two years.
Bitcoin had been on a tear until Wednesday, gaining more than 40 percent in two weeks to hit aroundRead more
China’s central bank said it would use various policy tools to maintain appropriate liquidity and reasonable growth in credit and social financing.
The People’s Bank of China said it would continue to implement a prudent monetary policy and keep its stance “neither too loose nor too tight.” The central bank said this in a statement after the second-quarter monetary policyRead more