Tuesday, May 18, 2021
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Tag: RMB

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...

Ministry of Commerce Says China Won’t Engage in Currency War with America

China's Ministry of Commerce released its latest "Research Report on Sino-US Trade Relations" on May 25 2017, asserting that Chinese policymakers will refrain from engaging in...

We Have the Ability to Maintain China’s Financial Stability: Li Keqiang

The Chinese premier has reassured the head of the International Monetary Fund about China's ability to maintain the health and stability of its finance system. Premier Li...

PBOC Governor Points to One Belt One Road as Spur for Financial Expansion

The chief of China's central bank said that the mammoth One Belt One Road initiative will play a key role in spurring the growth and...

One Belt One Road Will Spur RMB Internationalisation: PBOC Head

The head of the Chinese central bank has highlighted the key role that the One Belt One Road initiative will play in advancing internationalisation of the RMB. In...

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 Commercial Banks See YoY Profit Growth of 2.4% in First Quarter, NPL Ratio Eases to 1.8%

The latest official data points to modest growth in the net profits of the Chinese commercial banking sector in the first quarter...

ICBC Tops Forbes List of World’s 2000 Leading Public Companies for Ninth Consecutive Year

China biggest bank in terms of assets has once again topped the Forbes Global 2000 list of the world's leading public companies....

PBOC Undertakes 100 Billion Yuan in 1-year MLF Operations on 17 May, Rates Remain Unchanged

The People's Bank of China (PBOC) undertook 100 billion yuan in medium-term lending facility (MLF) operations on 17 May, alongside 10 billion...

Huawei Wants to Drive China’s Transformation into the World’s Digital Leader

Chinese telecoms giant Huawei has committed to a major overhaul of its cooperative partnership ecosystem as part of efforts to transform China...