The Chinese currency renminbi, or the yuan, continued to weaken on Tuesday but analysts said more sharp depreciation is unlikely. The central parity rate of the yuan weakened 10 basis points to 6.6971 against the U.S. dollar, the weakest ...
The amount of non-cash payments in China in the first quarter rose 7.1 percent year on year, according to a central bank report released on Tuesday. The amount of money involved in non-cash payments,including commercial papers, bank cards ...
A May 25 Bloomberg report said that Chinese officials plan to ask their American counterparts during the upcoming eighth round of the China-U.S. Strategic and Economic Dialogue about the chance of a Federal Reserve (Fed) interest rate ...
China's central bank continued to pump money into the market to ease a liquidity strain this week. The People's Bank of China (PBC) conducted 395 billion yuan (61.16 billion U.S. dollars) of seven-day reverse repurchase agreements (repo) ...
Tags: liquidity strain, PBC
China's economy may have just come back for a recovery, recent economic indicators signaled. Latest data showed that China's manufacturing activity rebounded in March to its highest level since last August while non-manufacturing sector ...
In February, Brazil recorded corn exports of 5.37 million tons. According to data from the Ministry of Development, Industry and Foreign Trade, this is almost five times higher than exports for February 2015, which stood at 1.10 million ...
Tags: Corn Export, Corn
China saw plunging new loans in February, largely due to the Lunar New Year holiday and a record credit surge in January. New yuan-denominated lending in February dropped to 726.6 billion yuan ($111.96 billion), 297 billion yuan less than ...
Tags: China's New Yuan, new loans
China will create more schemes offering Renminbi (RMB) convertibility in free trade zones in 2016, an official with the State Administration of Foreign Exchange (SAFE) has said. Guo Song said authorities will make the moves, designed to ...
Tags: Capital Market, SDR basket
China's foreign exchange reserves dropped by 99.47 billion U.S. dollars from December to 3.23 trillion U.S. dollars at the end of January, the central bank said Sunday. The decrease was milder than a month-on-month decline of 107.9 ...
Tags: Forex Reserves, foreign exchange
China's central bank on Tuesday pumped the biggest amount of funds since September into the financial system in open market operations in an effort to ease a liquidity strain. The People's Bank of China (PBOC) conducted seven-day reverse ...
China's central bank has said it is planning to upgrade its financial risk assessment framework which will be launched next year, in a bid to ward off financial risks. The capital adequacy ratio, a measure of an institution's ability to ...
Tags: New Financial Risk
China's central bank released detailed regulations of online payment services by non-bank institutions on Monday in the latest effort to contain possible risks in the booming Internet finance industry. The new rules require real-name ...
Tags: China Central Bank, Online Payment
China's central bank is allowing individuals to set up bank accounts via video teller machines and the Internet. The People's Bank of China issued a note saying banks can use multiple ways to verifying applicants. In addition to going ...
Tags: VTMs, Personal Bank Accounts
Chinese commercial bank must verify the identify of clients when they open personal bank accounts to make sure they are using their real names, a circular showed Friday. The People's Bank of China (PBOC), the central bank, released the ...
Tags: Banks, Real-name Accounts
Profits of China's major industrial firms fell 1.4 percent year on year in November, narrowing from a 4.6-percent decline posted in October, the National Bureau of Statistics (NBS) said on Sunday. Profits at industrial companies with ...
Tags: Industrial Profit, Decline