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Interbank Market
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RMB Weakens to 6.8972 Against USD Friday
Dec 9, 2016The central parity rate of the Chinese currency renminbi, or the yuan, weakened 241 basis points to 6.8972 against the U.S. dollar Friday, according to the China Foreign Exchange Trading System. In China's spot foreign exchange market, ...
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RMB Records Weakening Streak Against USD
Oct 13, 2016The central parity rate of the Chinese currency renminbi, or the yuan, weakened another 160 basis points to 6.7258 against the U.S. dollar Wednesday, according to the China Foreign Exchange Trade System (CFETS). It was the weakest level ...
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China's Yuan Further Weakens
Jul 19, 2016The 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 ...
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PBC Injects More Money Into Market
Apr 3, 2016China'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
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Central Bank Injects BLNs to Ease Liquidity Strain
Jan 4, 2016China'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 ...
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China Introduces Green Bond in Interbank Market
Dec 24, 2015The 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
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China Extends Trading Hours for Interbank Forex Market
Dec 24, 2015China 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
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RMB to Remain "Basically Stable" Against Basket of Currencies: Central Bank
Dec 16, 2015China's central bank said Monday the Chinese currency has the fundamentals to remain stable relative to a basket of currencies after a change on Friday in the way the renminbi's value is calculated. The fundamentals include a high ...
Tags: RMB, Central Bank
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China Continues to Pump Yuan Into Financial System
Sep 1, 2015China's central bank continued to pump billions of yuan into the financial system on Tuesday to ease liquidity strains. The People's Bank of China (PBOC) conducted 150 billion yuan (23.6 billion U.S. dollars) of seven-day reverse ...
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RMB Exchange Rate to Be Stable in 2015
Dec 31, 2014The Renminbi exchange rate will remain stable in 2015, a macro economic report from China International Capital Corporation (CICC) predicted Monday. "Despite the weaker spot exchange rate of the Renminbi against the dollar, the ...
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Chinese Yuan Rises to 6.1213 Against USD
Dec 25, 2014The value of the Chinese currency renminbi, or the yuan, strengthened by 34 basis points to 6.1213 against the U.S. dollar in its central parity rate on Thursday, according to the China Foreign Exchange Trading System. In China's spot ...
Tags: Chinese Yuan, U.S.dollar
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Chinese Yuan Weakens to 6.1430 Against USD
Nov 20, 2014The value of the Chinese currency renminbi, or the yuan, weakened by 21 basis points to 6.1430 against the U.S. dollar in its central parity rate on Tuesday, according to the China Foreign Exchange Trading System. In China's spot foreign ...
Tags: Chinese Yuan, USD
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Foreign Banks Will Continue Fueling Expansion in The Chinese Mainland
Aug 16, 2013me foreign banks will continue fueling expansion in the Chinese mainland in the second half of this year despite that they experienced a profit fall there in the first half of the year. Foreign banks released financial results for the ...
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HSBC's China PMI Drops to Nine-Month Low of 48.2 in June
Jul 3, 2013The HSBC Purchasing Managers' Index (PMI) for the Chinese manufacturing sector retreated to 48.2, the lowest level since September 2012 and down from May's final reading of 49.2, as announced by the HSBC.The output sub-index contracted in ...
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China Edged Its Way Toward a Credit Crunch Last Week
Jun 27, 2013China edged its way toward a credit crunch last week, spooking investors, businesses, analysts – and perhaps more than anyone – the banks themselves. Liquidity in the country's money market appeared to suddenly dry up after a ...
Tags: Risky Economy, credit crunch