Search Results for: People’s Bank of China
Dollar falls from 2-1/2 month high vs yen after weak China trade data
October 13th, 2016
The dollar pulled back from a 2-1/2 month high against the yen on Thursday after surprisingly weak Chinese trade data stirred fresh concern about the world’s second-largest economy. The dollar dropped to as low as 103.555 yen JPY= at one point, ...
Global Brokers See 109 Million Reasons to Ramp Up in China
July 25th, 2016
Interative Brokers and Saxo among firms laying groundwork QDII2 program to be rolled out at ‘appropriate time’: PBOC Online brokerages from around the world are gearing up for what could be China’s biggest step yet to unleash the nation’s ...
Why the bitcoin has become China’s new darling
June 8th, 2016
Speculation over yuan devaluation and the mainland’s anti-corruption drive have contributed to the currency’s growing popularity Bitcoin has become the new darling of mainland punters amid a slumbering stock market, heightened expectations of the yuan’s devaluation and even the ...
China Stops Trying To Fool The World; World Is Sorry
May 10th, 2016
Something interesting has happened. China earlier this year responded to falling stock prices by borrowing a trillion dollars and spending it on commodities, boosting the prices of iron ore, oil, copper, etc., and giving the global economy a patina ...
This Is How They Fool Us, China Edition
April 20th, 2016
So it seems that China’s economy, caught in the grip of a credit crisis just a few months ago, is all better. And so, by extension, is everyone else. As the Wall Street Journal explains it: ...
Asian Stock Rally Sputters as Crude Retreats; China Shares Slump
April 20th, 2016
Aussie, Kiwi fall from the strongest levels since June Oil slips to about $40 as Kuwait strike ends; silver gains A rally in Asian stocks stumbled as oil fell back to around $40 a barrel and Chinese equities slumped ...
China Foreign-Exchange Reserves Rise for First Time in Five Months
April 8th, 2016
Increase comes as the yuan has staged a recovery in recent weeks China’s foreign-currency reserves rose during March, the first increase in five months, a sign Beijing may have partially succeeded in stemming heavy capital outflows that destabilized global ...
China Looks at Introducing Tax on Foreign Currency Transactions
March 24th, 2016
China is looking at introducing a tax on foreign currency transactions, among other measures, to curb speculative capital flows, even though outflows have recently slowed, a senior foreign-exchange regulatory official said Tuesday. Wang Yungui, the head of the regulation department ...
China Drafts Rules for Tobin Tax on Currency Transactions
March 15th, 2016
Initial rate of levy may be kept at zero, people familiar said The rules still need central government approval, they said China’s central bank has drafted rules for a tax on foreign-exchange transactions that would help curb currency speculation, according ...
HSBC Going Solo in China Credit Cards Boosts Expansion Plan
March 10th, 2016
Bank has ended card venture with Bocom, Asia head says HSBC would be just one of three foreign card issuers in China HSBC Holdings Plc winning approval to start a credit-card business in China’s $1 trillion market offers Chief ...
