Wednesday, January 20, 2021
Tags Exchange rates

Tag: Exchange rates

Renminbi Pierces 6.5 Threshold, Hits 18 Month High

The central parity rate of the Chinese yuan has risen to 6.492 against the US dollar on 3 January according to figures from the...

Central Bank Loosens Cross-border Restrictions to Boost RMB Internationalization

Thinning capital outflows and increasing exchange rate stability have paved the way for China's central bank to loosen recently introduced settlement restrictions. Chinese media reports that the People's...

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China’s Loan Prime Rate Unchanged for Nine Straight Months in January

Chi­na’s loan prime rate (LPR) has re­mained un­changed for the ninth consecutive month in January 2021.

China’s Financial Sector Saw Added Value Gain of 7% in 2020 to Hit USD$1.3 Trillion

The Chinese financial sector saw a sizeable improvement in its performance in 2020 despite the adverse economic impacts of the COVID-19 pandemic....

Guo Shuqing Denies China Plies State Monopoly Capitalism, Says State-owned Enterprises Bear Twice the Tax Burden of Private Companies

The senior-most official in China's banking regulatory system has stressed the importance of the role played by the rapidly expanding private sector...

China’s Top Banking Regulator Reiterates Commitment to Anti-Trust Enforcement

The senior-most official in China's banking regulatory system has reiterated its commitment to the enforcement of anti-trust and anti-monopoly policies in the...