Search Results for: PBOC
China’s central bank injects US$8b into market
July 7th, 2015
The People’s Bank of China, China’s central bank, has injected 50 billion yuan (US$8.2 billion) into the money market through open market operations, it announced on Tuesday. This has marked the fourth consecutive cash injection through the central bank’s ...
China Adopts IMF Accounting Practice in Reserve-Currency Push
May 12th, 2015
China adopted the International Monetary Fund’s standards for its latest balance of payments data as the nation seeks to obtain reserve-currency status for the yuan. The changes, effective this year, include putting reserve assets under the financial rather than ...
China, Japan stocks up as Beijing steps up stimulus
April 20th, 2015
Stock markets in China and Japan rose on Monday after Beijing’s latest stimulus to shore up the world’s second-largest economy underpinned sentiment and helped limit losses across the rest of Asia. China’s central bank on Sunday cut the amount ...
Asian central banks back in action this week
April 6th, 2015
The week ahead starts with Asian markets digesting the crucial U.S. nonfarm payrolls report, which continued to fuel the ongoing debate over when the Federal Reserve will launch its first interest rate hike. After digesting the U.S. jobs data, ...
China’s Central Bank Warns Of Deflation
March 30th, 2015
The People’s Bank of China echoed what many in the market have been saying for months now: the risk of deflation in the No. 2 economy is now very real. Speaking at the Boao Forum in Hainan, China this weekend, central ...
Asia stocks, euro hit as ECB takes hard line on Greek debt
February 5th, 2015
Asian stocks were mostly lower and the euro slipped on Thursday after the European Central Bank said it would not accept Greek bonds as collateral – a robust early response to Athens’s efforts to renegotiate bailout terms with creditors. ...
Asia Stocks Little Changed Before European Central Bank Decision
January 22nd, 2015
Asia’s benchmark stock gauge was little changed as investors awaited a European Central Bank decision today on quantitative-easing strategy. Chinese shares rallied as the People’s Bank of China pumped funds into the financial system. Bridgestone Corp. sank 1.7 percent as tiremakers ...
Chinese Official: Bitcoin Can ‘Co-exist’ with Fiat Currencies
December 16th, 2014
A former vice-governor of China’s central bank, Wu Xiaoling, has said that digital currencies like bitcoin “could co-exist with fiat currencies”. Wu, who is currently a member of National People’s Congress Standing Committee and a vice-chairperson of the Financial ...
China’s Stocks Head for Biggest Weekly Gain in Three Years
November 28th, 2014
China’s benchmark stock index headed for its biggest weekly advance in three years on optimism a slide in oil prices will reduce costs for transport companies and the central bank may continue to loosen monetary policy. China Everbright Bank ...
Yen Strengthens on Kuroda Comments as Energy Stocks Slip
November 25th, 2014
Japan’s yen climbed after a speech by central bank Governor Haruhiko Kuroda, and the cost of insuring Japanese debt against default fell the most in two weeks. Asian energy producers retreated as oil held declines before a meeting of ...
