Showing results for "#People's Bank of China"
Asia shares rally on Fed cut bets; yen pares gains
Chinese shares offshore posted strong gains last week while mainland markets were closed from Wednesday to Friday for the Labour Day holiday.
China sets yuan midpoint at 6-week low, but far stronger than expected
17 Aug 2023 9:15 AM ISTThe People's Bank of China (PBOC) set the midpoint rate , around which the yuan is allowed to trade in a 2% band, at 7.2076 per dollar prior to market...
China announces 234 arrests in provincial banking scam
30 Aug 2022 7:49 AM ISTAccording to the Xuchang city police, significant progress has been made in retrieving capital and recovering the losses, China Daily reported.
Yuan rebounds from 2-yr low after PBOC cuts FX reserve ratio
6 Sept 2022 9:59 AM ISTThe central bank has set firmer-than-expected yuan midpoint guidance rates in recent sessions. The onshore yuan lost over 2% against the dollar in...
China's former justice min given death sentence for corruption
22 Sept 2022 2:57 PM ISTEarlier, one of China's highest-ranking officials in the finance sector was arrested on suspicion of taking bribes and abusing his power, according to...
Favouring continuity, China reappoints central bank governor
12 March 2023 4:09 PM ISTBefore becoming governor, Yi spent 20 years at the central bank after getting his Ph.D. from the University of Illinois and working as a professor of...
China is willing to implement debt disposal
14 April 2023 9:55 AM ISTYi made the remarks at a meeting of Group of 20 finance ministers and central bank governors during the World Bank and IMF Spring Meetings in...