PBOC
China’s PBOC adds gold for 14th month as prices hit record
Bullion held by the People’s Bank of China rose by 30,000 troy ounces last month[BEIJING] China’s central bank extended its gold-buying streak to 14 months, underscoring sustained official demand...
China’s renminbi climbs to 15-month high, overcoming weak PBOC fixing
On Dec 23, onshore yuan ends at 7.0287 per US dollar, while its offshore counterpart fetches 7.0181 at 4.30pm SGT[SHANGHAI] China’s renminbi climbed to a 15-month high against a...
China expected to keep rates steady for sixth month as PBOC turns less dovish
The consensus comes after the central bank this month maintained its seven-day reverse repo rate, which now serves as a major policy rate[SHANGHAI] China is expected to leave benchmark...
China’s PBOC extends currency swap pacts with ECB, Swiss, Hungarian central banks
[BEIJING] China’s central bank has extended currency swap agreements with the European Central Bank and the central banks of Switzerland and Hungary, the People’s Bank of China (PBOC) said...
PBOC signals no urgency for rate cuts despite poor economic news
[BEIJING] China’s central bank indicated it’s holding back from aggressively easing monetary policy with moves such as interest-rate cuts, even though the economy just recorded its worst month so...
PBOC to boost financing support for tech, consumption growth
[BEIJING] China’s central bank pledged to strengthen financial support to key areas including tech and consumption, as it moves further away from its previous playbook of funnelling loans to...
MAS, PBOC to deepen cooperation in green and transition finance
[SINGAPORE] The central banks of Singapore and China reaffirmed their commitment to push on with their cooperation in green and transition finance. At the third Singapore-China Green Finance Taskforce...
PBOC adviser urges 1.5 trillion yuan stimulus to counter US tariffs
[BEIJING] China should add as much as 1.5 trillion yuan (S$268 billion) in fresh stimulus to boost consumer spending and maintain currency flexibility to counter US tariffs’ drag on...
