Trends - PBOC - Business Recorder

Business & Finance

China’s yuan eases, set for losing week on seasonal dollar demand

SHANGHAI: China’s yuan eased against the dollar on Friday and looked set for a losing week, as heavier seasonal...

Published 04 Jul, 2022 06:17am

Business & Finance

Yuan ends at one-week high

SHANGHAI: China’s yuan recouped early losses to close domestic session at a one-week high against the dollar on...

Published 29 Jun, 2022 05:44am

Business & Finance

China’s yuan set for first weekly gain in three

SHANGHAI: China’s yuan inched up against the dollar on Friday, poised for the first weekly gain in three, as...

Published 27 Jun, 2022 06:06am

Business & Finance

China’s yuan eases

SHANGHAI: China’s yuan slipped against the dollar on Thursday, as strong corporate demand onshore bolstered the...

Published 24 Jun, 2022 06:15am

Business & Finance

China’s yuan eases

SHANGHAI: China’s yuan touched a near one-week low against a firmer dollar on Thursday, dampened by investor...

Published 03 Jun, 2022 05:56am

Business & Finance

Yuan hits near one-week low

SHANGHAI: China’s yuan weakened past a key threshold to a near one-week low against the dollar on Thursday,...

Published 27 May, 2022 05:50am

Markets

China’s yuan slips as weak growth outlook weighs

SHANGHAI: China’s yuan weakened against the US dollar on Wednesday as investor concerns about slowing growth in the...

Published 25 May, 2022 09:47am

Markets

China central bank to launch relending facility to aid transport, logistics

BEIJING: China’s central bank said on Friday it launch a 100 billion yuan ($15 billion) relending facility to...

Published 06 May, 2022 08:22pm

Business & Finance

China’s yuan heads for worst month since 2019

SHANGHAI: China’s yuan swung wildly on Friday, touching a 1-1/2-year low before recovering its losses by the...

Published 01 May, 2022 05:11am

Markets

Chinese stocks close down as Covid concerns outweigh support pledges

SHANGHAI: Chinese stocks closed down on Tuesday, despite the authorities vowing to support the economy amid a...

Published 20 Apr, 2022 05:12am

Markets

China to work with Asian nations to grow use of local currencies in trade

BEIJING: China will work with Asian countries to beef up use of local currencies in trade and investment, Yi Gang,...

Published 16 Feb, 2022 09:47am

Markets

Iron ore leads China ferrous rebound as PBOC signals more support

SHANGHAI: Dalian iron ore jumped more than 4% on Wednesday, leading ferrous futures higher in top steel producer...

Published 20 Jan, 2022 04:21am

Business & Finance

Yuan off 2-week high

SHANGHAI: China’s yuan briefly touched a fresh two-week high against a weaker dollar on Thursday before giving ...

Published 14 Jan, 2022 07:45am

Markets

China implements new schemes for banks to support small businesses

BEIJING: China's central bank confirmed on Saturday that it will implement new schemes aimed at encouraging ...

Published 01 Jan, 2022 03:57pm

Markets

Hong Kong shares close down as tech giants weigh

SHANGHAI: Hong Kong shares snapped a five-session rising streak and finished lower on Wednesday dragged by tech...

Published 30 Dec, 2021 04:40am

Markets

China's money rates off highest levels in months after PBOC boosts cash injections

SHANGHAI: China's short-term money rates eased from levels around their highest in months on Tuesday after the...

Published 28 Dec, 2021 10:53am

Business & Finance

Yuan eases in thin trade

SHANGHAI: China’s yuan eased against the dollar in thin trade on Monday, as investors stuck to familiar ranges in...

Published 28 Dec, 2021 03:54am

Business & Finance

Yuan inches higher, market shifts focus to 2022 prospects

SHANGHAI: China’s yuan inched up against a softer dollar on Tuesday, as investors cautiously returned to riskier...

Published 22 Dec, 2021 06:13am

Markets

China's yuan inches higher, market shifts focus to 2022 prospects

SHANGHAI: China's yuan inched up against a softer dollar on Tuesday, as investors cautiously returned to riskier...

Published 21 Dec, 2021 12:23pm

Markets

China raises banks' FX reserve requirements for 2nd time this year

BEIJING: China's central bank said on Thursday it will raise the foreign exchange reserve requirement ratio for...

Published 09 Dec, 2021 05:13pm

Markets

China frees up $188bn for banks in second reserve ratio cut this year

BEIJING: China's central bank said on Monday it would cut the amount of cash that banks must hold in reserve, its...

Published 06 Dec, 2021 04:53pm

Markets

China's yuan strikes six-month high vs dollar

SHANGHAI: China's yuan advanced to a six-month high against the dollar on Wednesday, aided by strong corporate ...

Published 01 Dec, 2021 12:47pm

Business & Finance

Yuan touches 2-week high

SHANGHAI: China’s yuan strengthened to a two-week high against the dollar on Tuesday and looked set to notch a...

Published 01 Dec, 2021 03:52am

Markets

China sets yuan midpoint at 6-month high, matching forecasts

SHANGHAI: China's central bank lifted its official yuan midpoint to a near six-month high on Tuesday, to reflect a...

Published 30 Nov, 2021 09:50am

Business & Finance

China FX regulatory body proposes cap on banks’ prop trading

SHANGHAI/BEIJING: A central bank led self-regulatory group that helps oversee China’s foreign exchange industry ...

Published 20 Nov, 2021 03:58am

Markets

China's central bank to keep policy ‘flexible, targeted’, says property risks under control

HONG KONG/BEIJING: China's central bank on Friday said it would keep its prudent monetary policy "flexible and...

Published 19 Nov, 2021 06:32pm

Business & Finance

Yuan hits 6-year high against peers

SHANGHAI: China’s yuan hit a near six-year high against major peers on Thursday, on investor views that ...

Published 19 Nov, 2021 04:35am

Business & Finance

Yuan steady against firm dollar

SHANGHAI: The yuan hovered around 6.40 per dollar on Monday as strong Chinese trade data lent support and helped...

Published 09 Nov, 2021 04:48am

Business & Finance

Yuan ends at 10-day low

SHANGHAI/BEIJING: China's yuan ended Thursday's domestic trading session at the weakest level in 10 days, breaching ...

Published 29 Oct, 2021 05:05am

Business & Finance

Evergrande debt woes are manageable: China central bank official

SHANGHAI: The spillover effect of China Evergrande Group's debt problems on the banking system is controllable, a...

Published 16 Oct, 2021 04:49am