Monthly Archives: September, 2017

RMB Central Parity Rate Against US Dollar Rises for Ninth Consecutive Trading Day

CBNEditor - September 7, 2017 0

The Chinese yuan's central parity rate against the US dollar rose 42 basis points on 7 September to 6.5269, for the ninth consecutive trading...

Central Bank Injects 298 Billion Yuan Via Medium-term Lending Facilities

CBNEditor - September 7, 2017 0

The Chinese central bank injected 298 billion yuan (USD$45.79 billion) in liquidity via medium-term lending facilities with rates of 3.2% on 7 September, yet...

Is China’s GDP Growth Overstated Due to Lack of Mark-to-Market Accounting?

CBNEditor - September 7, 2017 0

Michael Pettis says that China could be grossly overstating its levels of economic growth and wealth creation by failing to employ mark-to-market accounting conventions...

Don’t Expect Renminbi to Become Safe Haven Just Yet: William Pesek

CBNEditor - September 6, 2017 0

Bloomberg columnist William Pesek says that systemic risk in China's financial sector as well as laggard reform efforts on the part of Beijing are...

Chinese Cities Take Out Six Spots on Top Ten List for Global Housing Price Growth

CBNEditor - September 6, 2017 0

China's major cities continue to lead the world in terms of housing price growth, while Chinese investors have emerged as key drivers behind price...

Central Bank Places Accounts of ICO Platforms Under Strict Supervision

CBNEditor - September 6, 2017 0

Following the launch of a ban on initial coin operations in China, the central bank has required that the accounts of certain ICO platforms...

Beijing to Investigate Illicit Use of Personal Bank Loans to Buy Residential Property

CBNEditor - September 6, 2017 0

Beijing's banking regulator and the Chinese central bank have announced that they will launch investigations into the widespread misuse of personal and consumer loans...