People's Bank of China (PBOC)
|Girish Shetti |||Feb 24, 2017 03:45 AM EST|
China is closer than ever before in embarking on a digital currency revolution as the People's Bank of China (PBoC) successfully completes the trail run of its prototype cryptocurrency.
|S. Rina |||Sep 30, 2016 12:49 PM EDT|
The Markit/Caixin Manufacturing Purchasing Managers' Index for the month of September stood at 50.1, up from the reading of 50 for the month of August.
|Benjie Batanes |||Aug 12, 2015 11:50 AM EDT|
Chinese financial authorities have let the yuan fall in value for the second straight day on Wednesday, providing a boost for the country's exporters. Meanwhile, other countries, such as the United States, have denounced China's decision to let the yuan devaluation trigger speculations of a currency war.
|Benjie Batanes |||Aug 05, 2015 12:45 PM EDT|
The International Monetary Fund (IMF) has released its findings on Tuesday and concluded that it will not add the Chinese Yuan in its Special Drawing Rights (SDR) arsenal until the latter part of next year. This is a clear setback for the Chinese government that has been campaigning for the Yuan to be added in the currency basket as soon as possible.
|Benjie Batanes |||Jul 15, 2015 07:35 AM EDT|
China bank lending for the month of June has reportedly reached around 1.27 trillion yuan ($206.18 billion). The series of incentives released by the People's Bank of China (PBOC) helped achieved the better-than-expected figures.
|Kwao Peppeh |||Jun 18, 2015 07:32 AM EDT|
Since the beginning of the month, a team of experts from the International Monetary Fund (IMF) have been in China to assess whether the yuan should finally be added to the organization's basket of currencies with Special Drawing Rights (SDR). While the government and central bank officials have expressed optimism about the prospects of the renminbi's inclusion, the questions remains about whether the currency will meet the IMF's requirements to be included in its SDR basket this time around.
|Kwao Peppeh |||Jun 16, 2015 06:54 AM EDT|
The State Council has on Monday announced a change to the composition of the monetary policy committee of the People's Bank of China (PBOC). The change sees seven new members being appointed to replace seven others.
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