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People’s Bank of China

PBC China Central Bank 1

China’s Foreign Reserves Post Record Quarterly Drop on Yuan

07/10/2015(0)
Stockpile shrinks $180 billion as PBOC props up currency Decline in September less than expected, boosting yuan China’s foreign-exchange reserves fell by a record in the third quarter as ... Read More
PBC China Central Bank 1

China central bank orders banks to tighten supervision of clients’ forex deals: sources

18/09/2015(0)
The People’s Bank of China has ordered banks to closely scrutinize clients’ foreign exchange transactions to prevent illicit cross-border currency arbitrage, sources with the direct knowledge of the matter ... Read More
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The president of China’s biggest brokerage is under investigation

16/09/2015(0)
The president of China’s largest brokerage has been caught in Beijing’s widening probe of insider trading. Cheng Boming, the president of Citic Securities, is being investigated for “insider dealing ... Read More
PBC China Central Bank 1

China central bank sets reserve requirements for all FX derivatives

02/09/2015(0)
China’s central bank will require reserves to be set aside for purchases of all currency derivatives from October, according to a document seen by Reuters, as Beijing moves to ... Read More
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China stocks slip as rate cut fails to convince investors

26/08/2015(0)
China‘s turbulent stock markets slipped again on Wednesday, as a double-barrelled blast of central bank stimulus failed to convince investors of Beijing’s ability to jolt the world’s second biggest ... Read More
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China shares rise amid sharp volatility

26/08/2015(0)
Chinese shares were up amid volatile trade as traders gauge the effect of a fresh rate cut by the central bank. The mainland’s benchmark Shanghai Composite was 3.1% higher ... Read More
PBC China Central Bank 1

China Cuts Interest Rates for Fifth Time in Bid to Stem Rout

25/08/2015(0)
China cut interest rates for the fifth time since November and lowered the amount of cash banks must set aside, falling back on its major levers to stem the ... Read More
PBC China Central Bank 1

The PBC Spokesman Answered More Press Questions on the RMB Exchange Rate

12/08/2015(0)
1. Why does the central parity of RMB exchange rate against US dollar change nearly 1.6% on 12 August from that of 11 August? The central parity of RMB ... Read More
Asian stocks

Asian markets down as yuan depreciates a further 1.6%

12/08/2015(0)
Chinese shares were lower on Wednesday as its central bank again devalued the yuan, following Tuesday’s record cut. The People’s Bank of China fixed the daily guiding rate for ... Read More
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PBOC sharply cuts yuan against US dollar after weak data

11/08/2015(0)
The People’s Bank of China allowed the yuan to depreciate almost 2 percent against the U.S. dollar to levels last seen three years ago, sending a shock through currency ... Read More
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