People’s Bank of China (PBOC)

A sticker that reads "Bitcoin accepted here" is displayed at the entrance of the Stadthaus town hall in Zug

Bitcoin’s Price Volatile at $900 as China Concerns Linger

Bitcoin prices experienced intense price volatility on 9th January, continuing a trend that’s been the new normal since late last week. Prices fell nearly 5% in less than two ... Read More

China’s yuan sinks to six-year low, then erases losses

China’s yuan fell to its lowest level in six years early Monday, breaching a key psychological threshold, before erasing the losses on the first day of trading after a ... Read More

How China’s Plans to Launch Its Own Currency Might Affect Bitcoin

China’s central bank, the People’s Bank of China (PBOC) has revealed that it is in discussions to launch its own digital currency. What does this mean for Bitcoin? A statement by ... Read More

Asia stocks retrace gains; Shanghai tumbles 3.7%

Major Asian stock markets struggled to hold onto their morning gains Friday, despite a positive finish from Wall Street overnight. In another late spate of sell-offs, the Shanghai composite down 3.97 ... Read More

China suspends forex business for some foreign banks: sources

China’s central bank has suspended at least three foreign banks from conducting some foreign exchange business until the end of March, three sources who had seen the suspension notices ... Read More

Yuan in Biggest Weekly Drop Since Devaluation as PBOC Eases Grip

Central bank may enter market again after Fed decision: OCBC Yuan weakness trend is inevitable, according to Commerzbank The yuan recorded its biggest weekly drop since an August devaluation ... Read More
PBC China Central Bank 1

PBOC cuts rates for standing lending facility

China’s central bank on Thursday said it would cut interest rates for a monetary instrument called the Standing Lending Facility, or SLF, in an effort to guide market rates. ... Read More

China raises central rate for yuan by largest amount in a decade

China raised the central parity rate of the yuan by 341 basis points to 6.3154 against the US dollar on Monday (2 November), the largest amount by far on ... Read More

PBOC opens onshore fx market to central banks

The People’s Bank of China said Monday it would allow foreign central banks to trade in the country’s foreign-exchange market, echoing a promise made by Chinese Premier Li Keqiang ... Read More

China to clamp down on forwards trading to curb yuan depreciation

Banks must hold 20 pct reserve vs nominal FX forwards value Reserves to be denominated in U.S. dollars, no interest paid Move seen as increasing risk control, discouraging speculation ... Read More
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