Friday, October 23, 2020
Tags Federal reserve

Tag: Federal reserve

Sustained RMB Rise Expected Despite Fed Flagging Rate Hike

China Merchant Securities expects continued appreciation of the RMB despite the US Federal Reserve flagging a gradual rise in interest rates. The minutes of the US central bank May 2...

China’s Central Bank Balance Contracts as Interbank Rates Surge

The balance sheet of China's central bank has contracted, spurring a surge in interbank deposit rates has put many commercial lenders in a tight spot. The latest "Monetary Authority...

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Fintech Giant Lufax Pursues USD$2.36 Billion Stateside IPO

Chinese fintech giant Lufax has revealed more details on its plans to pursue an initial public offering (IPO) in the US despite...

China to Increase Qualified Domestic Institutional Investor Quota by around USD$10 Billion

China's forex administration has announced a further increase to the foreign investment quota for qualified domestic institutional investors (QDII).

Zhou Xiaochuan Weighs in on Internationalisation of the Renminbi at 2020 Financial Street Forum

Zhou Xiaochuan, the former head of the Chinese central bank, has voiced his opinions on the near-term prospects for the internationalisation of...

PBOC Launches Fintech Research Centre, Calls for “Comprehensive Increase” in China’s Fintech Competitiveness and Influence

A senior official from the People's Bank of China (PBOC) has called for the country to further drive efforts for the development...