China's central bank is focused on stimulating the economy probably at the cost of the yuan, says UOB
Qi Wang, a CIO for wealth management at UOB Kay Hian, says he is "not that pessimistic" about the Chinese economy.
To boost China’s yuan, central bank makes it easier for firms to borrow more foreign debt
For companies that have reached the upper limit of overseas financing, a relaxation may be welcome, but the move’s effectiveness remains unclear as rate spread with US dollar widens.
China's central bank halts bond buying as yuan struggles
China's central bank said on Friday it has suspended treasury bond purchases, triggering a jump in yields and spurring speculation that the move was aimed at defending a falling currency.
PBOC Says It Will Temporarily Halt Buying of Government Bonds
China’s central bank said it will suspend buying government bonds, its latest attempt to temper investor bets on weak economic growth that have undermined the currency and sapped confidence among businesses and consumers.
China’s PBOC temporarily pauses government bond purchases as demand increases
A statement from the People’s Bank of China (PBOC) from January 10 revealed that the central bank had halted government bond purchases as the supply remained lower than the bonds’ demand. The PBOC mentioned that the purchases would resume after properly monitoring the government bonds market supply and demand.
China's Central Bank Suspends Government Bond Buying
The People's Bank of China said Friday that it will suspend purchases of sovereign debt this month as the supply of the bonds has fallen short of demand. Christy Tan, investment strategist at Franklin Templeton Institute,
People's Bank of China says it will temporarily halt buying of government bonds
China’s central bank will temporarily halt purchasing government bonds due to undersupply, following record-low benchmark yields this month. The decision comes amid high demand driven by bets on policy easing in a sluggish economy.
Taiwan Dollar Set to Replace Yuan as Asia’s Top Funding Currency
The Taiwan dollar is on the verge of overtaking the yuan as Asia’s best carry-trade target given its lower risk of ...
EconoTimes2h
China's Bold Moves to Stabilize the Yuan Amid Economic Uncertainty
China has unveiled new measures to bolster its weakening yuan, signaling a firm commitment to currency stability. On Monday, ...
China flags more policy measures to bolster yuan
China announced more tools to support its weak currency on Monday, unveiling plans to park more dollars in Hong Kong to ...
China Boosts Yuan Support With Warning, Capital Control Tweaks
China has ramped up its support for the yuan with tweaks to its capital controls and a vow to crack down on market disruption ...
China's yuan hovers near 16-month low despite official support
The yuan hovered near 16-month lows against the dollar on Monday, despite more support measures for the currency and as the ...
Yuan Short Sellers Squeezed by Soaring Hong Kong Funding Costs
Yuan funding costs in Hong Kong surged to levels unseen in years, signaling concern that Beijing’s efforts to stabilize the ...
China unveils US$13 billion trade finance facility in boost to yuan hub in Hong Kong
China unveiled fresh measures to strengthen Hong Kong's role as an offshore yuan financing hub, including establishing a new ...
China’s foreign trade sets new record of 43.85 trillion yuan in 2024
China's imports and exports grew by 5 percent year-on-year in 2024 to reach 43.85 trillion yuan ($5.98 trillion), with the ...
TheCable4d
China to support African countries with 1bn yuan to strengthen military, police
Wang Yi, China's minister of foreign affairs, says his country will give African countries Y1 billion – over $130 million – ...