The United Arab Emirates (UAE) has signed an agreement with China to set up a clearing hub for the Chinese currency Yuan or Renminbi, local UAE media reported on Sunday. The UAE clearing hub for the Chinese currency, which will satisfy ...
Tags: RMB Clearing Hub
Housing prices in China are expected to grow steadily in 2016, while divergence between bigger and smaller cities will continue, according to a property research organization. Government policy has perhaps helped to ease the housing glut ...
Tags: Property Sector, Mild Growth
Chinese entrepreneurs are not as confident about the macro economy as they were in the previous quarter, said a quarterly survey by China's central bank Thursday. Based on a survey of over 5,000 industrial businessmen nationwide, the ...
Tags: Entrepreneur, Confidence Index
China's central bank has vowed to continue preferential financial policies to support Tibet for the next five years. The People's Bank of China promised more direct financing and financial bonds to facilitate small and medium enterprises ...
The central bank on Tuesday announced plans to introduce green bonds to allow financial institutions to raise funds for green projects. The People's Bank of China (PBOC) said the green bond will widen financing channels for projects in ...
Tags: Green Bond, Interbank Market
China is to extend the trading hours of the interbank forex market by seven hours and allow more foreign entities into the market, according to a Wednesday statement by the People's Bank of China (PBOC). From Jan. 4, the closing time for ...
Tags: Extends Trading, Forex Market
China's central bank says the country's foreign exchange market will extend trading hours by 7 hours starting from January 4th. Trading hours for the yuan in the Shanghai-based exchange will last till 11:30 pm local time. The People's ...
Tags: PBOC, Forex Trading
China's top think tank predicts that China will see its economic growth post between 6.6 and 6.8 percent in the coming year. The number comes ahead of a major economic conference this week, during which authorities are to evaluate the ...
Tags: China's Top Think Tank, Growth
China's real estate sector showed signs of warming in November as new home prices rose on a monthly basis in an increasing number of cities, buoyed by government policies. Of 70 large and medium-sized cities surveyed in November, new home ...
he Bank of Japan (BOJ) announced on Friday it would expand the size of its asset purchasing program while maintaining the same size of the monetary base, in a bid to drive wages higher and boost business spending, two mainstays of the ...
Tags: Bank of Japan Unveils, Increase Wages, Business Spending
China's central bank offered a total of 100 billion yuan (15.4 billion U.S. dollars) in six-month medium-term lending facility (MLF) loans at 3.25 percent to 13 financial institutions on Friday. "The move is aimed at maintaining proper ...
Tags: Central Bank, Liquidity
The US Congress' approval of the quota and governance reforms of the International Monetary Fund (IMF) has been welcomed by the People's Bank of China (PBOC). According to the statement on the central bank's official website, this ...
Tags: Ratification, Imf Quota
China's central bank on Saturday welcomed the ratification of the 2010 quota and governance reforms of the International Monetary Fund (IMF) by the U.S. Congress on Dec. 18, 2015. "Such approval means that the 2010 reforms, after ...
Tags: Ratification, IMF Quota Reform
China's central bank has reportedly surveyed banks on the possibility and potential impact of removing its benchmark deposit and lending rates. It's being reported that China's central bank recently surveyed banks on the possibility ...
Yesterday's U.S. interest rate adjustment narrows the scope for China to balance currency stability with economic growth. The U.S. Federal Reserve raised the benchmark interest rate by 25 basis points on Wednesday, the first increase ...
Tags: U.S.Rate, China's Policy