5 d. ago China’s central bank sets yuan at highest rate against US dollar in a year

China’s central bank has set the yuan’s daily reference rate against the US dollar at the strongest level in a year, as expectations grow that the US Federal Reserve will cut rates again this month. On Thursday, the People’s Bank of China (PBOC) set the yuan’s midpoint rate – also known as the daily fixing rate – at 7.0968 per US dollar, its strongest since October last year. Two days earlier, US Federal Reserve Chairman Jerome Powell said that America’s labour market and inflation outlooks were...

Economics

1 week ago Beijing aids gold’s record run, kidney transplant first: SCMP daily highlights

Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. Pentagon nominee hints at Aukus changes, says Taiwan should ‘pay its way’ The Aukus defence technology-sharing pact between the US, Britain and Australia could be made more “sustainable”, according to the Donald Trump administration’s pick as its next assistant defence secretary for Indo-Pacific Security Affairs. 2. China’s central bank aids gold’s...

Politics

2 w. ago China's central bank buys gold for 11th straight month in September

China's central bank buys gold for 11th straight month in September  KITCO

Economics

3 w. ago China rate cuts likely in fourth quarter amid growth concerns: Goldman Sachs

China’s central bank appears increasingly likely to ease its monetary stance in the fourth quarter, according to Goldman Sachs, as economic momentum slows and policymakers face mounting pressure to support growth. The forecast includes a 10-basis-point policy rate cut and a 50-basis-point reduction in the reserve requirement ratio, which could come as year-on-year growth slows sharply towards 4 per cent from a high base last year, a note released on Saturday said. “But the data-dependent nature...

Politics

3 w. ago China Eyes Role as Custodian of Central Bank Gold Reserves Amid Bullion’s Record Run

China Eyes Role as Custodian of Central Bank Gold Reserves Amid Bullion’s Record Run  CoinDesk

Politics

3 w. ago China's central bank pledges to step up policy support for growth

China's central bank pledges to step up policy support for growth  Reuters

Events

3 w. ago China central bank unveils steps to boost yuan bond market in Hong Kong

China central bank unveils steps to boost yuan bond market in Hong Kong  WHTC

Economics

3 w. ago China’s Yuan Edges Down As Central Bank Sets Weaker Reference Rate

China’s Yuan Edges Down As Central Bank Sets Weaker Reference Rate  Finimize

Politics

4 w. ago Hong Kong stocks drop after PBOC dashes hopes of China stimulus moves

Hong Kong stocks fell on Tuesday after the head of China’s central bank struck a measured tone at high-level briefing on Monday, quashing hopes of easing measures. The Hang Seng Index lost 0.6 per cent to 26,185.33 as of 11am. The Hang Seng Tech Index dropped 1.7 per cent. On the mainland, the CSI 300 Index lost 0.4 per cent while the Shanghai Composite Index fell 0.7 per cent. Search giant Baidu tumbled 5.8 per cent to HK$127.80, while e-commerce company JD.com lost 4 per cent to...

Politics

4 w. ago China’s central bank to focus on domestic issues after U.S. Fed rate cut

China’s central bank to focus on domestic issues after U.S. Fed rate cut  Investing.com

Politics

4 w. ago Central bank: Loans to China's tech SMEs grow over 20% annually in 2021

Central bank: Loans to China's tech SMEs grow over 20% annually in 2021-2025  chinadailyasia.com

Politics

4 w. ago China’s Central Bank Revives Liquidity Tool Before Long Holiday

China’s Central Bank Revives Liquidity Tool Before Long Holiday  Bloomberg.com

Politics