Trends - PBOC - Business Recorder

Business & Finance

China urges banks to avoid housing speculation to curb Evergrande risk

BEIJING: China has urged banks to steady the housing market and avoid speculation as fears mount that Evergrande’s...

Published 01 Oct, 2021 04:07am

Markets

China's yuan inches up, worries over economic recovery cap gains

SHANGHAI: Helped by a firmer daily fixing, the yuan strengthened marginally against the dollar on Tuesday, although...

Published 28 Sep, 2021 09:57am

Business & Finance

China's yuan off 1-week high, dollar demand weighs

PBOC set the midpoint at 6.4497 per dollar, 69 pips firmer than the previous fix of 6.4566, the strongest since June 18

Published 13 Sep, 2021 11:43am

Business & Finance

China’s yuan edges up as PBOC official downplays imminent liquidity support

SHANGHAI: The yuan edged up against the dollar on Wednesday, despite gains in the greenback overseas, as remarks ...

Published 09 Sep, 2021 03:56am

Business & Finance

Yuan eases

SHANGHAI: China's yuan eased slightly against a firmer dollar on Thursday, as recent disappointing economic...

Published 03 Sep, 2021 04:58am

Markets

Yuan eases as markets await non-farm payrolls

SHANGHAI: China's yuan eased slightly against a firmer dollar on Thursday, as recent disappointing economic...

Published 02 Sep, 2021 09:44am

Markets

Yuan eases as Fed, PBOC policies set to diverge

The People's Bank of China (PBOC) set the midpoint rate at 6.4728 per dollar prior to the market open

Published 25 Aug, 2021 11:51am

Business & Finance

Yuan rebounds

SHANGHAI: China’s yuan rebounded from its lowest against the dollar in more than three weeks to breach a key...

Published 24 Aug, 2021 05:02am

Business & Finance

Strong demand lifts yuan

SHANGHAI: The yuan inched higher against a firmer dollar on Wednesday, as persistently heavy demand for the Chinese...

Published 12 Aug, 2021 04:34am

Markets

Strong demand lifts yuan, despite firmer dollar

They added that the yuan's outperformance would fade going into year-end in the wake of the policy divergence, slowing exports and its strength against its currency basket

Published 11 Aug, 2021 11:41am

Business & Finance

Yuan edges up

SHANGHAI: China's yuan inched higher against the dollar on Tuesday, as strength in the greenback was offset by...

Published 11 Aug, 2021 04:27am

Business & Finance

Yuan rebounds from week low

SHANGHAI: China’s yuan bounced on Monday from its lowest in more than a week against the dollar, as some investors...

Published 10 Aug, 2021 04:39am

Markets

Yuan rebounds from week low as investors unwind dollar bets

Sun maintained his forecast for the yuan to trade in a range of 6.45 to 6.49 per dollar for the near time, with some upside risks to the Chinese currency

Published 09 Aug, 2021 10:38am

Business & Finance

Yuan edges up

SHANGHAI: The yuan edged up against a weaker US dollar on Wednesday, but gains were capped by investor worries over...

Published 05 Aug, 2021 04:34am

Markets

Yuan edges up, but gains capped by worries over Delta outbreaks

In the spot market, onshore yuan opened at 6.4652 per dollar and was changing hands at 6.4608 at midday, 92 pips firmer than the previous late session close

Published 04 Aug, 2021 11:10am

Business & Finance

Yuan eases, but set for best week in two months

SHANGHAI: China’s yuan eased against the dollar on Friday but looked set for its best weekly gain in two months...

Published 31 Jul, 2021 04:05am

Markets

China sets yuan midpoint at weakest in over 3 months

Wednesday's official guidance largely matched market forecasts, and it was 5 pips stronger than Reuters' estimate of 6.4934

Published 28 Jul, 2021 12:28pm

Business & Finance

Yuan bounces from 1-week low

SHANGHAI: China’s yuan on Tuesday rebounded from a one-week low hit a day earlier, although investors were still...

Published 28 Jul, 2021 04:45am

Markets

Yuan bounces from 1-week low, investors eye stock risks

Prior to market opening, the People's Bank of China (PBOC) set the midpoint rate at 6.4734 per dollar, 29 pips firmer than the previous fix of 6.4763

Published 27 Jul, 2021 12:20pm

Business & Finance

Yuan rebounds from 10-day low on heavy corporate demand, steady LPR fix

SHANGHAI: China’s yuan rebounded from a 10-day low against the dollar, as the local currency got a helping hand...

Published 21 Jul, 2021 01:51am

Markets

Yuan briefly weakens to 10-day low, markets await benchmark rate fix

By midday, it was changing hands at 6.4791, 5 pips weaker than the previous late session close

Published 19 Jul, 2021 12:27pm

Business & Finance

China frees up $154bn for banks

BEIJING: China will cut the amount of cash that banks must hold as reserves, releasing around 1 trillion yuan...

Published 10 Jul, 2021 03:42am

Business & Finance

China govt bond yields slump

SHANGHAI: China’s government bond yields fell sharply on Thursday after the State Council, the country’s ...

Published 09 Jul, 2021 04:25am

Markets

Yuan inches up despite weaker-than-expected midpoint guidance

Sun expected the yuan to trade in a range of 6.45 to 6.48 per dollar in the near term

Published 07 Jul, 2021 10:32am

Markets

Yuan eases to one-week low, set for 5th straight weekly loss

The outcome was also likely to bring volatility to major currencies

Published 02 Jul, 2021 10:50am

Markets

Yuan up on tight liquidity, set for worst month since August 2019

In the spot market, onshore yuan opened at 6.4625 per dollar and was changing hands at 6.4571 at midday, 69 pips firmer than the previous late session close.

Published 30 Jun, 2021 11:14am

Markets

Yuan firms against dollar, but US inflation could renew downward pressure

Higher interest rates traditionally help support the dollar.

Published 25 Jun, 2021 12:34pm

Business & Finance

China's central bank urges tougher crackdown on cryptocurrencies

The PBOC urged institutions to launch thorough checks on clients' accounts to identify those involved in cryptocurrency transactions, and promptly cut their payment channels.

Published 21 Jun, 2021 05:22pm

Markets

China central bank to auction 5b yuan in 6-month yuan-denominated bills in HK on June 24

The auction is aimed at improving the yuan yield curve in the financial hub

Published 18 Jun, 2021 10:40am

Business & Finance

China bank loans unexpectedly rise

BEIJING: China’s new bank loans unexpectedly rose in May from the previous month but broader credit growth...

Published 11 Jun, 2021 03:41am