People's Bank of China News and Monetary Policy Updates
China yuan rally pauses after PBOC raises FX reserve ratio
China's onshore yuan weakens after a record winning run as the People's Bank of China acts to temper the currency's advance. The move interrupts 13 straight sessions of gains, the longest streak ...
China pledges to further open financial markets to foreign investors
China is signaling a deeper push to attract overseas capital as global investors reassess portfolio allocation amid rising geopolitical and market volatility. The central bank says yuan assets can ...
China central bank urges broader approach to global imbalances
As scrutiny of China's trade surplus intensifies, the country's central bank governor is calling for a wider framework to assess global imbalances. The remarks come as foreign governments press ...
Visa wins China approval for bank card clearing business
After years of pursuing direct access to China’s domestic payments market, Visa says it has received regulatory approval to set up a bank card clearing business in the country. The decision ...
Gold market outlook brightens as China demand, central bank buying support prices
Gold retreats after an August rally as higher bond yields and a stronger U.S. dollar pressure the metal and mining shares into October. Longer-term demand drivers remain in place, with seasonal ...
Bangladesh secures China Exim Bank loan for Mongla Port expansion
Bangladesh is moving ahead with an expansion of Mongla Port after securing concessional financing for new container and cargo facilities. The funding supports work at the country’s ...
CreditEase faces criminal investigation in China shadow banking crackdown
Chinese authorities are escalating scrutiny of the shadow banking sector as Beijing seeks to contain broader financial risks. Police in Beijing's Chaoyang district say they have opened a criminal ...
China gold imports hit records as reserve diversification and safe-haven demand deepen
China is stepping up gold purchases as policymakers diversify reserves and households seek protection from weak returns elsewhere in the economy. Record imports and sustained central bank buying ...
China banks see funding shift as e-CNY deposit model expands
China is advancing its digital renminbi through a bank deposit model that keeps the e-CNY on lenders' balance sheets and ties the currency's growth directly to banking system funding. The approach ...
Evergrande legal dispute widens as Cheung seeks HK$10.1 billion repayment in Hong Kong
The collapse of China Evergrande Group is drawing more parties tied to founder Hui Ka Yan into court as competing claims emerge over large money transfers. The latest filing pits Hong Kong ...
China gold buying streak extends as Russia sales weigh on prices
Central bank demand in the gold market is strengthening even as prices retreat under pressure from higher U.S. rates and additional supply. China is continuing to add to reserves while Russian ...
Manus raises more than $500 million after Meta deal collapse
Chinese AI startup Manus secures more than $500 million in fresh funding as it rebuilds independently after the collapse of its planned sale to Meta. The round marks the company’s first capital ...
Mark Esper warns Iran war could stretch into 2027, diverting U.S. focus from China
As the U.S.-Iran war enters its eighth month, former U.S. Defense Secretary Mark Esper says the conflict risks becoming a prolonged drain on Washington’s strategic attention. He says the ...
China central bank rejects yuan devaluation claims amid EU trade tensions
As trade frictions with Europe stay in focus, China's central bank says it has no need or intention to weaken the yuan to gain a competitive export advantage. The comments come as EU trade chief ...
Philippine civil group criticizes Marcos Singapore visit, Duterte China links
Political scrutiny over governance and foreign ties is intensifying in the Philippines as a civil society group attacks the president's Singapore trip and the vice-president's reported links to ...
Germany blocks Cosco port logistics stake in Hamburg over security concerns
Berlin is hardening its investment screening as it seeks to protect critical infrastructure and curb strategic dependencies tied to China. Germany’s cabinet has now rejected state-owned ...
China expands offshore tax scrutiny as wealth transfer pressures build
China is moving to tighten taxation of offshore wealth at a time when many of the country’s richest entrepreneurs are approaching retirement and preparing to pass assets to the next generation. ...
China growth target draws scrutiny as stimulus struggles to lift housing sector
Beijing's latest attempt to support the housing market and shore up economic momentum is meeting skepticism as policymakers try to keep expansion on track. The weak response highlights broader ...
China stablecoin wallet activity surges despite crypto curbs, Chainalysis says
Peer-to-peer stablecoin use in China expands sharply as users increasingly rely on self-custodied wallets for domestic transfers. The trend points to continued crypto activity under tight trading ...
China bank consolidation accelerates as regulators close hundreds of rural lenders
China is stepping up efforts to strengthen its financial system as economic pressures continue to weigh on smaller lenders. The push includes a record 670 bank closures in 2025, mainly among rural ...
China's LOGINK retreats from global shipping data push as partnerships stall
China's LOGINK logistics platform, once seen by Washington as a potential lever over global maritime data, has retreated from key overseas initiatives and fallen into legal and financial trouble ...
