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PBOC

Yuan inches up, markets await key policy meetings

The country's foreign exchange trading platform releases data on a weekly and monthly basis.

Published 26 Apr, 2021 11:22am

Markets

Yuan off 6-week high, investors await global central bank policy signals

China's official PMI is due for release next Friday.

Published 23 Apr, 2021 11:27am

Markets

Yuan eases as investors focus on Sino-US tensions, tighter cash conditions pare losses

The domestic currency market largely ignored the US Treasury Department's decision not to label China as a currency manipulator in the first semi-annual foreign exchange report issued by Treasury Secretary Janet Yellen.

Published 19 Apr, 2021 11:22am

Markets

China's Ant explores ways for Jack Ma to exit as Beijing piles pressure

The Wall Street Journal previously reported that Ma had offered in a November meeting with regulators to hand over parts of Ant to the Chinese government.
Ant denied that a divestment of Ma's stake was ever under consideration. "Divestment of Mr. Ma's stake in Ant Group has never been the subject of discussions with anyone," an Ant spokesman said in a statement.

Published 17 Apr, 2021 05:37pm

Markets

China opens its borders to multi-billion dollar gold imports

BEIJING/LONDON/BENGALURU: China has given domestic and international banks permission to import large amounts of ...

Published 17 Apr, 2021 03:28am

Markets

Yuan eases on higher corporate dollar demand, investors await Q1 GDP

"We expect real GDP growth to have jumped to 20% year-on-year in Q1 from 6.5% in Q4-2020, led by an overheated industrial sector and a recovering services sector," economists at Standard Chartered said in an earlier note.

Published 15 Apr, 2021 11:22am

Markets

Yuan eases as investors look to US inflation data

"Although China's aggregate finance grew at a slower pace than last year, yuan loan growth was faster than a year ago, showing that shadow banking has continued to shrink," Iris Pang, chief economist for Greater China at ING, said in a note.

Published 13 Apr, 2021 11:02am

World

China March new bank loans rise but broad credit growth eases

March new loans 2.73 trln yuan vs forecast 2.45 trln yuan.
Q1 new loans at record high - Reuters calculations.
March M2 money supply +9.4% y/y, vs forecast of +9.6%.
Outstanding TSF +12.3% Y/Y, vs 13.3% in Feb.
March TSF 3.34 trln yuan, vs forecast 3.70 trln yuan.

Published 12 Apr, 2021 06:31pm

Markets

Yuan eases as Sino-US tensions, uncertainty over global monetary outlook weigh

The dollar languished near 2-1/2-week lows against major peers on Monday as a decline in Treasury yields restrained the US currency.

Published 12 Apr, 2021 01:34pm

Markets

Yuan edges up as investors catch up with dollar weakness after holiday

The dollar sank to an almost two-week low against its major trading partners, moving in tandem with retreating Treasury yields from recent peaks despite signs of a robust US economic recovery.
In the spot market, the onshore yuan trading unchanged fron the open at 6.5550 per dollar, 125 pips firmer than the previous late session close on Friday.

Published 06 Apr, 2021 09:54am

Markets

Yuan inches up, but set for longest weekly losing streak since 2018

He maintained his forecast for the yuan to trade at 6.4 per dollar at end-June but ease to 6.45 at end-2021.

Published 02 Apr, 2021 10:49am

Markets

Yuan off lows on upbeat PMI data, but set for worst month since Aug 2019

The PBOC has kept rolling over 10 billion yuan worth of maturing reverse repos, resulting in zero net cash injection for 23 straight trading days, which included Wednesday - the last trading day of the month.

Published 31 Mar, 2021 11:40am

Markets

Yuan slips to 4-month low, set for worst month since Aug 2019

Foreign capital inflows were among one of the key factors supporting the yuan last year.

Published 30 Mar, 2021 10:52am

Markets

China's yuan weakens on dollar strength, Sino-US tensions

The People's Bank of China (PBOC) set the midpoint rate at 6.5098 per dollar prior to the market open, 239 pips weaker than the previous fix of 6.4859.

Published 19 Mar, 2021 10:04am

Markets

China bond markets barely blink on glut of local govt issuance

SHANGHAI: China’s efforts to keep funding markets stable and cheap were on full display this week as a glut of...

Published 15 Mar, 2021 05:22am

Markets

Yuan briefly hits one-week high, market awaits Fed and Sino-US meeting next week

Chinese diplomats will meet with US officials in Alaska on March 18 and 19, a Chinese foreign ministry spokesman said on Thursday.

Published 12 Mar, 2021 11:01am

Markets

China bond markets barely blink on glut of local govt issuance

China set the special LGB issuance quota at 3.65 trillion yuan for 2021, from 3.75 trillion yuan last year.

Published 12 Mar, 2021 10:59am

Markets

China stocks jump on upbeat lending data, Hong Kong tracks Wall Street rally

Sino-US relations re-emerged as another key market focus as US Secretary of State Antony Blinken will meet with top Chinese officials on March 18 in Alaska, the White House said on Wednesday, the first high-level in-person contact between the two sparring countries under the Biden administration.

Published 11 Mar, 2021 12:03pm

Markets

China's yuan firms on dollar weakness, stronger guidance

The global dollar index fell to 91.784 from the previous close of 91.814.

Published 11 Mar, 2021 11:50am

Markets

China lowers yuan midpoint to 2-month low, pushing CFETS basket index to highest since June 2018

The weaker fixing has pushed China's trade-weighted yuan basket index to 97.06, the highest since June 22, 2018, according to Reuters' calculation based on official data.

Published 05 Mar, 2021 10:26am

Markets

Financials lift China stocks, but policy tightening worries persist

Market reaction to latest headlines on Sino-US relations was quite muted.

Published 23 Feb, 2021 11:46am

Business & Finance

China more focused on money market rates than size of liquidity operations

BEIJING: China’s central bank is focusing more on money market interest rates in its regular open market ...

Updated 22 Feb, 2021 09:57am

Markets

China's blue-chip index falls on policy tightening, valuation worries; Hong Kong down

"For now investors tended to rebalance their allocations and shift towards sectors with low valuations, like banking and securities firms," Hu said.

Published 18 Feb, 2021 12:01pm

Markets

Yuan inches higher on PBOC's prudent stance and strong holiday sales

By midday, the global dollar index rose to 90.958, while the offshore yuan was trading at 6.4388 per dollar.

Published 18 Feb, 2021 11:56am

Business & Finance

Long bets cut on Asian FX on dollar resilience

SINGAPORE: Long positions on most Asian currencies were scaled back, a Reuters poll showed, as investors contended...

Published 15 Feb, 2021 04:53am

Business & Finance

China's factory prices snap year-long decline as demand recovers

The consumer price index (CPI) fell 0.3% in January from a year earlier, the statistics bureau said in a separate statement, compared with no change tipped by the Reuters poll and a 0.2% rise in December.

Published 10 Feb, 2021 11:40am

Business & Finance

Foreign banks in China forced to reduce lending using overseas funds

BEIJING/SHANGHAI: Some foreign banks in China are forced by the latest Chinese regulations to significantly reduce...

Published 06 Feb, 2021 04:06am

Markets

China's yuan weakens, state banks seen buying dollars ahead of Lunar New Year

"We expect the PBOC to ease the tight liquidity situation in the next couple of weeks and interbank rates to return to more desirable levels," Nomura analysts said in a note.

Published 03 Feb, 2021 11:47am

Markets

China stock climb

SHANGHAI: China stocks ended higher on Tuesday, as the central bank’s liquidity injection eased worries over tight...

Published 03 Feb, 2021 04:35am

Business & Finance

China's seven-day repo hits near six-year high despite PBOC cash injection

Seven-day reverse repo rate, one of the PBOC's main policy rates, now stands at 2.2%.

Published 01 Feb, 2021 11:28am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 19	278.45
USD PKR Interbank Buying / Apr 19	278.15
USD to Japanese Yen / Apr 19	154.37
USD to Swiss Franc / Apr 19	0.91
Pound Sterling to USD / Apr 19	1.24
Euro to USD / Apr 19	1.06

Stock	Volume
S&P 500 / Apr 18	5011.12
Nasdaq / Apr 18	15601.50
Dow Jones / Apr 18	37775.38
India Sensex / Apr 19	72222.48
Tokyo Nikkei / Apr 19	37068.35
Hang Seng / Apr 19	16205.02
FTSE 100 / Apr 19	7834.89
Germany DAX 30 / Apr 19	17717.67

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 18	21735
Gold 10 Grams PKR / Apr 18	214077
Crude Oil USD/Barrel / Apr 19	84.27
Gold Spot USD/Ounce / Apr 19	2382.04
Cotton US¢/pound / Apr 19	80.67
Petrol/Litre / Apr 20	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 20 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 20 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 20 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 20 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 20 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 20 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 20 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 20 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 20 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 20 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 20 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 20 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 20 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 20 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 20 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 20 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 20 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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