Trends - PBOC - Business Recorder

Markets

Financials lift China stocks, but policy tightening worries persist

Market reaction to latest headlines on Sino-US relations was quite muted.

Published 23 Feb, 2021 11:46am

Business & Finance

China more focused on money market rates than size of liquidity operations

BEIJING: China’s central bank is focusing more on money market interest rates in its regular open market ...

Updated 22 Feb, 2021 09:57am

Markets

China's blue-chip index falls on policy tightening, valuation worries; Hong Kong down

"For now investors tended to rebalance their allocations and shift towards sectors with low valuations, like banking and securities firms," Hu said.

Published 18 Feb, 2021 12:01pm

Markets

Yuan inches higher on PBOC's prudent stance and strong holiday sales

By midday, the global dollar index rose to 90.958, while the offshore yuan was trading at 6.4388 per dollar.

Published 18 Feb, 2021 11:56am

Business & Finance

Long bets cut on Asian FX on dollar resilience

SINGAPORE: Long positions on most Asian currencies were scaled back, a Reuters poll showed, as investors contended...

Published 15 Feb, 2021 04:53am

Business & Finance

China's factory prices snap year-long decline as demand recovers

The consumer price index (CPI) fell 0.3% in January from a year earlier, the statistics bureau said in a separate statement, compared with no change tipped by the Reuters poll and a 0.2% rise in December.

Published 10 Feb, 2021 11:40am

Business & Finance

Foreign banks in China forced to reduce lending using overseas funds

BEIJING/SHANGHAI: Some foreign banks in China are forced by the latest Chinese regulations to significantly reduce...

Published 06 Feb, 2021 04:06am

Markets

China's yuan weakens, state banks seen buying dollars ahead of Lunar New Year

"We expect the PBOC to ease the tight liquidity situation in the next couple of weeks and interbank rates to return to more desirable levels," Nomura analysts said in a note.

Published 03 Feb, 2021 11:47am

Markets

China stock climb

SHANGHAI: China stocks ended higher on Tuesday, as the central bank’s liquidity injection eased worries over tight...

Published 03 Feb, 2021 04:35am

Business & Finance

China's seven-day repo hits near six-year high despite PBOC cash injection

Seven-day reverse repo rate, one of the PBOC's main policy rates, now stands at 2.2%.

Published 01 Feb, 2021 11:28am

Markets

China's yuan edges lower, but tight liquidity limits drop

Traders said the yuan and the dollar index remained range-bound for the time being, but the dollar could strengthen as the implementation of US stimulus boosts activity in the world's largest economy.

Published 29 Jan, 2021 10:19am

Markets

China stocks fall on policy tightening worries, Hong Kong tracks Wall Street lower

Chinese H-shares listed in Hong Kong fell 1.85% to 11,435.48, while the Hang Seng Index was down 1.97% to 28,721.27.

Published 28 Jan, 2021 11:13am

Markets

China stocks jump

BEIJING: China stocks closed higher on Wednesday, with banking and manufacturing shares leading the gains, as upbeat...

Published 28 Jan, 2021 04:40am

Business & Finance

China short-term rate hits near 6-yr high on holiday demand, policy tightening worries

However, the state-run Securities Times in a front-page commentary urged investors not to over-exaggerate the impact of the central bank's short-term liquidity operations on stock and bond markets.

Published 27 Jan, 2021 01:26pm

Markets

China stocks end higher as upbeat data signals brisk factory recovery

Yi Gang, the governor of the People's Bank of China (PBOC), also said on Tuesday that China will not exit from supporting policy prematurely.

Published 27 Jan, 2021 12:50pm

Business & Finance

China plans tougher antitrust rules for non-bank payments industry

So far China has 233 licensed players, with the market dominated by Alipay and WeChat Pay in terms of online transactions.
The finance industry is becoming more and more dependent on information technology, leading to a growing urgency in ramping up antitrust efforts in this sector.

Published 20 Jan, 2021 06:30pm

Business & Finance

China needs to innovate monetary policy tools

A prudent monetary policy must be flexible, reasonable and appropriate, adhere to the primary goal of currency stability.
China's M2, a broad-based measure of money supply, in December grew 10.1% from a year earlier, below estimates of 10.5% forecast.

Published 13 Jan, 2021 08:18pm

Markets

China central bank to cool credit growth in 2021, avoid premature policy tightening

"It's possible to shift from stabilising leverage to reducing leverage if the recovery reaches a certain stage, but we should not rush," said Jia Kang, head of the China Academy of New Supply-side Economics.

Published 23 Dec, 2020 10:43am

Markets

Yuan eases to 2-week low after PBOC injects record medium-term funds

Separately, markets mostly looked past solid economic data as traders have broadly reached consensus that a recovery in the world's second-largest economy from coronavirus disruption remains on track.

Published 15 Dec, 2020 12:06pm