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You Searched For "PBOC" and got 20 results


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5 mins read

China's FUD drags down Bitcoin, Ether and other cryptocurrencies yet again

Moreover, employees working for crypto exchanges that are not based out of China will be i…

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1 min read

China scrambles to support its economy with another interest-rate cut as recovery sputters

The People's Bank of China cut rates on medium-term policy loans Thursday amid signs of stagnant gr…

George Glover   


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1 min read

China's yuan has fallen to the lowest rate since 2014 by one measure, and Beijing is OK with that for now, FX strategist says

"So valuation-wise, renminbi is starting to look cheap," a Macquarie foreign exchange strategist sa…

Jason Ma   


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1 min read

China slashes interest rates and mulls big stimulus package in bid to revive slowing economy

China has seen a disappointing economic rebound, with activity in key sectors plunging as demand fa…

Jennifer Sor   


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3 mins read

China’s crackdown on cryptocurrency trading will continue as its central bank raises the heat on financial institutions

Coming from the State Council's Financial Stability Committee, China's highest level financial…

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1 min read

China's yuan will continue to fall against the dollar as Beijing eyes rate cuts to revive the economy, Goldman Sachs says

Goldman Sachs slashed its forecasts for the yuan over the next 12 months as China's weak economy we…

Filip De Mott   


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1 min read

China's yuan falls below a key dollar level for the first time this year as the economy's rebound sputters

The yuan has fallen more than 4% from a January high as hopes for a big post-pandemic rebound fade.

Filip De Mott   


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1 min read

China expands de-dollarization push as global central banks use record amount of yuan

The yuan's use in currency swaps grew to $15.6 billion at the end of March, marking the second-larg…

Filip De Mott   


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2 mins read

China's central bank has ordered domestic banks and payment providers not to offer crypto services

China's central bank ordered domestic financial institutions to cut the payment channels of clients…

Isabelle Lee   


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2 mins read

De-dollarization concerns are a 'huge nothingburger' as alternatives like China's yuan are too tightly controlled, Chamath Palihapitiya says

Despite the growing use of yuan in global markets, the dollar will remain the standard reserve curr…

Filip De Mott   


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2 mins read

China battles to prop up the faltering yuan after it falls to a 2-year low against the dollar

In a surprise move, China fixed its currency at a stronger-than-expected level Thursday after the y…

George Glover   


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3 mins read

Global stocks stabilize ahead of Big Tech earnings and as China pledges to support its COVID-hit economy

Softer guidance from mega-cap tech stocks could send stock markets back to square one, one analyst …

Shalini Nagarajan   


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2 mins read

China's yuan is set for its worst weekly drop against the dollar since 2015, as investors rush back to the US

"Foreign money leaving the China equity and bond markets is in danger of becoming a flood," one mar…

Harry Robertson   


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2 mins read

China's government is stepping in to help Evergrande deal with its debt, as it has with previous large-scale corporate clean-ups

This comes after Evergrande said in filing to the Hong Kong Stock Exchange there was "no guarantee"…

Huileng Tan   


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2 mins read

Chinese tech giants sink on report China is considering a state-backed company to oversee tech data

Chinese tech giants fell on Wednesday after reports said the PBOC is considering establishing a joi…

Will Daniel   


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5 mins read

What you need to know in markets this week: Bitcoin and beyond; 'Hey big spenders' - what the funds did with their cash; a platinum opportunity?

Tesla bought $1.5 billion in bitcoin - is it mainstream yet? Also, we'll look at what the big hedge…

Amanda Cooper   


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3 mins read

US stocks set to open lower as investors brace for slew of big earnings after bubble jitters hit Asia

Wall Street's remarkable run was set for a pause on Tuesday ahead of major Q4 earnings. Asian stock…

Harry Robertson   


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2 mins read

Bitcoin hits a 6-month low after extending its fall for an 8th straight day

"There does not appear to be a single trigger for the sell-off, but it does come after a period of …

Yusuf Khan   


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2 mins read

China's stimulus isn't enough for its economic woes. But its stock rally could help.

Thanks to last week's stimulus, China's stock market saw its best month in nearly a decade.

Huileng Tan   


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3 mins read

Beijing is no longer hiding its panic about the state of its economy

The stimulus blitz announced on Tuesday is sparking market speculation that Beijing is panicking ov…

Huileng Tan