Trends - PBOC - Business Recorder

Business & Finance

Yuan hits near one-week low

SHANGHAI: China’s yuan weakened past a key threshold to a near one-week low against the dollar on Thursday,...

Published 27 May, 2022 05:50am

Markets

China’s yuan slips as weak growth outlook weighs

SHANGHAI: China’s yuan weakened against the US dollar on Wednesday as investor concerns about slowing growth in the...

Published 25 May, 2022 09:47am

Markets

China central bank to launch relending facility to aid transport, logistics

BEIJING: China’s central bank said on Friday it launch a 100 billion yuan ($15 billion) relending facility to...

Published 06 May, 2022 08:22pm

Business & Finance

China’s yuan heads for worst month since 2019

SHANGHAI: China’s yuan swung wildly on Friday, touching a 1-1/2-year low before recovering its losses by the...

Published 01 May, 2022 05:11am

Markets

Chinese stocks close down as Covid concerns outweigh support pledges

SHANGHAI: Chinese stocks closed down on Tuesday, despite the authorities vowing to support the economy amid a...

Published 20 Apr, 2022 05:12am

Markets

China to work with Asian nations to grow use of local currencies in trade

BEIJING: China will work with Asian countries to beef up use of local currencies in trade and investment, Yi Gang,...

Published 16 Feb, 2022 09:47am

Markets

Iron ore leads China ferrous rebound as PBOC signals more support

SHANGHAI: Dalian iron ore jumped more than 4% on Wednesday, leading ferrous futures higher in top steel producer...

Published 20 Jan, 2022 04:21am

Business & Finance

Yuan off 2-week high

SHANGHAI: China’s yuan briefly touched a fresh two-week high against a weaker dollar on Thursday before giving ...

Published 14 Jan, 2022 07:45am

Markets

China implements new schemes for banks to support small businesses

BEIJING: China's central bank confirmed on Saturday that it will implement new schemes aimed at encouraging ...

Published 01 Jan, 2022 03:57pm

Markets

Hong Kong shares close down as tech giants weigh

SHANGHAI: Hong Kong shares snapped a five-session rising streak and finished lower on Wednesday dragged by tech...

Published 30 Dec, 2021 04:40am

Markets

China's money rates off highest levels in months after PBOC boosts cash injections

SHANGHAI: China's short-term money rates eased from levels around their highest in months on Tuesday after the...

Published 28 Dec, 2021 10:53am

Business & Finance

Yuan eases in thin trade

SHANGHAI: China’s yuan eased against the dollar in thin trade on Monday, as investors stuck to familiar ranges in...

Published 28 Dec, 2021 03:54am

Business & Finance

Yuan inches higher, market shifts focus to 2022 prospects

SHANGHAI: China’s yuan inched up against a softer dollar on Tuesday, as investors cautiously returned to riskier...

Published 22 Dec, 2021 06:13am

Markets

China's yuan inches higher, market shifts focus to 2022 prospects

SHANGHAI: China's yuan inched up against a softer dollar on Tuesday, as investors cautiously returned to riskier...

Published 21 Dec, 2021 12:23pm

Markets

China raises banks' FX reserve requirements for 2nd time this year

BEIJING: China's central bank said on Thursday it will raise the foreign exchange reserve requirement ratio for...

Published 09 Dec, 2021 05:13pm

Markets

China frees up $188bn for banks in second reserve ratio cut this year

BEIJING: China's central bank said on Monday it would cut the amount of cash that banks must hold in reserve, its...

Published 06 Dec, 2021 04:53pm

Markets

China's yuan strikes six-month high vs dollar

SHANGHAI: China's yuan advanced to a six-month high against the dollar on Wednesday, aided by strong corporate ...

Published 01 Dec, 2021 12:47pm

Business & Finance

Yuan touches 2-week high

SHANGHAI: China’s yuan strengthened to a two-week high against the dollar on Tuesday and looked set to notch a...

Published 01 Dec, 2021 03:52am

Markets

China sets yuan midpoint at 6-month high, matching forecasts

SHANGHAI: China's central bank lifted its official yuan midpoint to a near six-month high on Tuesday, to reflect a...

Published 30 Nov, 2021 09:50am

Business & Finance

China FX regulatory body proposes cap on banks’ prop trading

SHANGHAI/BEIJING: A central bank led self-regulatory group that helps oversee China’s foreign exchange industry ...

Published 20 Nov, 2021 03:58am

Markets

China's central bank to keep policy ‘flexible, targeted’, says property risks under control

HONG KONG/BEIJING: China's central bank on Friday said it would keep its prudent monetary policy "flexible and...

Published 19 Nov, 2021 06:32pm

Business & Finance

Yuan hits 6-year high against peers

SHANGHAI: China’s yuan hit a near six-year high against major peers on Thursday, on investor views that ...

Published 19 Nov, 2021 04:35am

Business & Finance

Yuan steady against firm dollar

SHANGHAI: The yuan hovered around 6.40 per dollar on Monday as strong Chinese trade data lent support and helped...

Published 09 Nov, 2021 04:48am

Business & Finance

Yuan ends at 10-day low

SHANGHAI/BEIJING: China's yuan ended Thursday's domestic trading session at the weakest level in 10 days, breaching ...

Published 29 Oct, 2021 05:05am

Business & Finance

Evergrande debt woes are manageable: China central bank official

SHANGHAI: The spillover effect of China Evergrande Group's debt problems on the banking system is controllable, a...

Published 16 Oct, 2021 04:49am

Business & Finance

China urges banks to avoid housing speculation to curb Evergrande risk

BEIJING: China has urged banks to steady the housing market and avoid speculation as fears mount that Evergrande’s...

Published 01 Oct, 2021 04:07am

Markets

China's yuan inches up, worries over economic recovery cap gains

SHANGHAI: Helped by a firmer daily fixing, the yuan strengthened marginally against the dollar on Tuesday, although...

Published 28 Sep, 2021 09:57am

Business & Finance

China's yuan off 1-week high, dollar demand weighs

PBOC set the midpoint at 6.4497 per dollar, 69 pips firmer than the previous fix of 6.4566, the strongest since June 18

Published 13 Sep, 2021 11:43am

Business & Finance

China’s yuan edges up as PBOC official downplays imminent liquidity support

SHANGHAI: The yuan edged up against the dollar on Wednesday, despite gains in the greenback overseas, as remarks ...

Published 09 Sep, 2021 03:56am

Business & Finance

Yuan eases

SHANGHAI: China's yuan eased slightly against a firmer dollar on Thursday, as recent disappointing economic...

Published 03 Sep, 2021 04:58am