Trends - PBOC - Business Recorder

Business & Finance

China rolls over medium-term policy loans, rate unchanged

SHANGHAI/SIN-GAPORE: China’s central bank rolled over maturing medium-term policy loans and kept the interest rate...

Published 19 Jul, 2023 03:21am

World

US calls Pan Gongsheng China’s central bank ‘head’, suggesting unannounced promotion

BEIJING: The United States has repeatedly referred to a senior Chinese central banker as the head or acting head of...

Published 09 Jul, 2023 11:05am

Markets

Yen weakens past key 145 per dollar level; yuan falls after China PMI data

SINGAPORE: The yen weakened past 145 per dollar on Friday, a level which kept speculators wary of potential...

Published 30 Jun, 2023 10:00am

Business & Finance

China’s central bank calls for stronger defences against financial crisis

BEIJING: China should accelerate legislation of the Financial Stability Law and improve other legal arrangements...

Published 02 Apr, 2023 07:12pm

Markets

Iron ore leads China ferrous rebound

MANILA: Dalian iron ore futures climbed more than 3% on Wednesday, while the Singapore benchmark price for the...

Published 16 Feb, 2023 06:08am

Business & Finance

Yuan inches higher, market awaits Dec PMI to gauge Covid impact

SHANGHAI: China’s yuan crept higher against the dollar in thin holiday trading on Monday, with investors awaiting...

Published 27 Dec, 2022 06:07am

Business & Finance

Yuan eases ahead of Fed decision

SHANGHAI: China’s yuan eased against the dollar on Wednesday, with market participants cautious ahead a Federal...

Published 15 Dec, 2022 06:00am

Opinion

China central bank to offer cheap loans to support developers’ bonds

China’s central bank will offer cheap loans to financial firms for buying bonds issued by property developers, ...

Published 26 Nov, 2022 04:13am

Business & Finance

China frees up $70bn for banks to underpin slowing economy

BEIJING: China said on Friday it would cut the amount of cash that banks must hold as reserves for the second time...

Published 26 Nov, 2022 04:13am

Business & Finance

China’s key money rate hits near 2-year low, but softening seen fleeting

SHANGHAI: Liquidity conditions in China’s interbank money markets eased further on Tuesday, as cash supply far...

Published 22 Nov, 2022 11:36am

Business & Finance

China’s yuan touches 10-day low

SHANGHAI: China’s yuan eased to a 10-day low against the dollar on Monday, as worsening COVID-19 infection numbers...

Published 22 Nov, 2022 03:23am

Business & Finance

Chinese yuan rises

SHANGHAI: China’s yuan strengthened against the dollar on Friday, reversing two days of losses, recovering after...

Published 21 Nov, 2022 05:59am

Business & Finance

Yuan slips from 2-month high as blast in Poland hurts sentiment

SHANGHAI: China’s yuan on Wednesday slipped from a two-month high against the dollar, pressured by safe-haven bids...

Published 17 Nov, 2022 05:59am

Business & Finance

Yuan rebounds to week high

SHANGHAI: China’s yuan rebounded to reach a one-week high against the dollar on Friday, shrugging off a much...

Published 07 Nov, 2022 05:48am

Business & Finance

Yuan recoups early losses

SHANGHAI: China’s yuan recouped losses against the surging dollar by midday on Thursday after falling earlier to...

Published 21 Oct, 2022 05:57am

Business & Finance

China central bank says to steadily and prudently push forward yuan internationalisation

SHANGHAI: China’s central bank said it will steadily and prudently push forward yuan internationalisation to promote...

Published 23 Sep, 2022 05:31pm

Business & Finance

Yuan looks set for third weekly loss

SHANGHAI: China’s yuan looked set for the third straight weekly loss against the dollar on Friday as investors...

Published 05 Sep, 2022 06:04am

Business & Finance

Yuan set for second weekly loss

SHANGHAI: China’s yuan was set for a second straight weekly loss on Friday as the dollar was buoyed by safe-haven...

Published 29 Aug, 2022 05:44am

Business & Finance

China cuts lending benchmarks to revive faltering economy

SHANGHAI: China cut its benchmark lending rate and lowered the mortgage reference by a bigger margin on Monday,...

Published 23 Aug, 2022 05:56am

Markets

Yuan touches near 2-year low after China cuts lending benchmarks

SHANGHAI: China’s yuan slumped to a near two-year low against the dollar on Monday, as Beijing stepped up easing...

Published 22 Aug, 2022 10:11am

Business & Finance

Yuan skids to 3-month low

SHANGHAI: China’s yuan slipped to a three-month low against the dollar on Friday, breaching a key threshold, after...

Published 22 Aug, 2022 06:33am

Markets

China stocks slip on slowdown fears despite surprise rate cuts

SHANGHAI: China stocks slipped on growth concerns on Monday after data showed economic activities and credit...

Published 16 Aug, 2022 03:59am

Markets

Weak China data sparks industrial metals sell-off

LONDON: Industrial metal prices fell on Monday as concerns about demand in China surfaced due to weak economic data...

Published 16 Aug, 2022 03:59am

Business & Finance

China’s yuan edges higher

SHANGHAI: China’s yuan edged higher against the dollar on Friday, following a strengthened official guidance rate,...

Published 23 Jul, 2022 04:10am

Business & Finance

Yuan pressured by risk aversion

SHANGHAI: China’s yuan eased against the dollar on Friday, giving up modest early gains, pressured in part by an...

Published 09 Jul, 2022 03:57am

Business & Finance

China’s yuan eases, set for losing week on seasonal dollar demand

SHANGHAI: China’s yuan eased against the dollar on Friday and looked set for a losing week, as heavier seasonal...

Published 04 Jul, 2022 06:17am

Business & Finance

Yuan ends at one-week high

SHANGHAI: China’s yuan recouped early losses to close domestic session at a one-week high against the dollar on...

Published 29 Jun, 2022 05:44am

Business & Finance

China’s yuan set for first weekly gain in three

SHANGHAI: China’s yuan inched up against the dollar on Friday, poised for the first weekly gain in three, as...

Published 27 Jun, 2022 06:06am

Business & Finance

China’s yuan eases

SHANGHAI: China’s yuan slipped against the dollar on Thursday, as strong corporate demand onshore bolstered the...

Published 24 Jun, 2022 06:15am

Business & Finance

China’s yuan eases

SHANGHAI: China’s yuan touched a near one-week low against a firmer dollar on Thursday, dampened by investor...

Published 03 Jun, 2022 05:56am