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PBOC
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What Does the PBOC Stand For?
The People's Bank of China (PBOC) is the central bank of the People's Republic of China and plays a pivotal...
Read moreIs PBOC the Central Bank of China?
The People’s Bank of China (PBOC) stands as the central monetary authority of the People’s Republic of China, a pivotal...
Read morePBOC Deputy Governor Outlines Priorities for Economic Coordination
In a recent statement, the Deputy Governor of the People's Bank of China articulated the central bank's commitment to balancing...
Read morePeople’s Bank of China Maintains Loan Prime Rate Amidst Steady Economic Climate
The People's Bank of China (PBoC) announced on Wednesday its decision to maintain the Loan Prime Rate (LPR) across the...
Read morePBOC Maintains MLF Rate and Boosts Liquidity, Sets Lower USD/CNY Central Rate
In a move to stabilize financial conditions, the People's Bank of China (PBOC) decided to keep the one-year Medium-term Lending...
Read moreGlobal Markets Recap:Chinese Stimulus Measures, and Oil Prices Slide
U.S. equities mirrored gains in the European stock market on Monday, with technology stocks playing a pivotal role in propelling...
Read moreMixed Sentiments Prevail in Asian Markets
In today's Asian market update, a mixed sentiment prevails as equities react to various global events, with a focus on...
Read moreRisk sentiment remains buoyed by rate cut optimism
Fed Speak: Federal Reserve (Fed) officials Goolsbee and Bostic maintained their stance against the notion of imminent rate cuts, emphasizing...
Read moreNew benchmark for onshore yuan set by People’s Bank of China
Today's trading session was highlighted by a major policy move from the People's Bank of China (PBOC), as it set...
Read moreAsia Open: Set for a quiet week, but watch out for a hectic Friday
Asia-Pacific benchmarks started the week well as investors caught a case of new-found Federal Reserve rate cut fever and positioned...
Read morePBOC plans yuan internationalization and financial liberalization
The People's Bank of China (PBOC) has reaffirmed its commitment to prudently internationalize the yuan and liberalize the financial market,...
Read moreChinese Yuan Stabilizes with Ongoing PBOC Backing
The Chinese yuan exhibited a minor increase on Thursday, finding support from yet another notably robust daily midpoint fixing initiated...
Read morePBOC Announces Slight Reduction in One-Year Loan Rate
The People's Bank of China (PBOC) unveiled a modest reduction in its one-year loan prime rate, trimming it by 10...
Read morePeople’s Bank of China: Time Needed for Consumer Recovery, Increasing Pressure on Local Fiscal Balance
The People's Bank of China has highlighted that the recovery of resident consumption will require additional time, and there is...
Read moreChina state banks seen selling US dollars to prop up yuan – sources
China's major state-owned banks were seen selling U.S. dollars to buy yuan in both onshore and offshore spot markets in...
Read morePBOC and the Foreign Exchange Bureau Take Action, and the Exchange Rate of RMB against the US dollar Rose Sharply
On today (July 20) morning, the People's Bank of China issued an official message stating that in order to further...
Read morePBOC: RMB Deposits Increased by 20.1 Trillion Yuan in the First Half of the Year
In the first half of the year, RMB deposits increased by 20.1 trillion yuan, an increase of 1.3 trillion yuan...
Read moreChina Securities Investment: Monetary Policy Remains Stable, but it Also “Increases Counter-cyclical Adjustments”
The China Securities Research Report pointed out that the monetary policy remains stable, but it also "increases counter-cyclical adjustments." The...
Read moreNext Monday, PBOC will issue tenders for the sixth batch of central bank bills
The People's Bank of China: On June 26, 2023 (Monday), the People's Bank of China will invite tenders for the...
Read moreChina’s central bank cuts SLF rate
After the 7-day reverse repurchase rate was cut by 10 basis points, the People's Bank of China lowered the SLF...
Read moreRecent Posts
How to Spot Fake Chinese Yuan: A Comprehensive Guide
The Chinese yuan (CNY), also known as the Renminbi (RMB), is one of the world’s most traded currencies. It is...
Who Is on the 20 Yuan Bill?
The 20 yuan bill is one of the most commonly circulated notes in China’s currency system, and like all Chinese...
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Who is on the 100 Yuan Note?
The 100 yuan note is one of the most widely circulated denominations in the People's Republic of China (PRC). It...
Who is on the 100 Lira Note?
The 100 lira note is an essential part of Turkey's currency system, representing both a tangible store of value and...
Current USD Exchange Rate: What is 54 Dollars in Pounds?
In the world of finance, understanding how currencies interact with each other is crucial for both businesses and individuals engaged...
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