Tuesday, October 20, 2020
Tags Chinese gold

Tag: Chinese gold

Chinese Banks Suspend Precious Metal Transactions Due to Concerns over Price Fluctuations

Multiple Chinese banks have placed a kibosh on certain precious metal transactions following a surge in the value of gold, silver and...

Chinese Gold Demand Dives 13% in 2019, Hits Lowest Level in Three Years

Demand for gold saw a sharp decline in the world's largest gold market last year, according to the latest figures from the...

Chinese Gold Reserves Rise for Seventh Consecutive Month

Chinese central bank data indicates that China's gold reserves have risen every month since December 2018.

Chinese Central Bank Increases Official Gold Reserves for Fourth Consecutive Month

The latest data from the People's Bank of China indicates that China lifted its gold reserves for the fourth consecutive month in...

Chinese Gold Consumption First in the World for Sixth Consecutive Year

Data from China's peak body for the domestic gold sector indicates that Chinese consumption of the precious metal was first in the...

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Chinese Central Bank Digital Currency Seen Driving Cross-border Payments, Renminbi Internationalisation

Chinese experts see the central bank digital currency (CBDC) as a vital means of facilitating cross-border transactions and expediting the internationalisation of...

Regulators Driving Remote Account Opening – What Banks Need to Know

By Stanley Yu, Director, Hong Kong, Fenergo COVID-19 has radically transformed the financial services industry across APAC. With forced...

Chinese Commercial Banks Could Soon Determine Interest Rates Independently

Proposed changes to China's commercial banking law will allow lenders to independently determine the rates for deposits and loans.

China to Further Lift Macro-Leverage Ratio Following 21 Percentage Point Rise During COVID-19 Lockdowns

Discussion about China's macro-leverage levels has risen to the fore as policymakers weigh means for expediting the country's economic recovery in the...