Updated 11:29 AM EDT, Tue, Jun 16, 2020

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People's Bank of China (PBOC)

China To Launch Digital Currency.

China is Inching Closer to Launch Digital Currency in Market

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.

 China’s yuan didn’t suffer a sharp fall.

Chinese Yuan did not Suffer a Steep Decline

Rumors that China's currency suffered from a steep decline on Tuesday have been circulated across social media; however, CNBC clarified that China's yuan did not suffer a sharp fall.

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.

China Caixin Manufacturing PMI Shows Marginal Increase in September

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.

Japan Inspired China to Boost Yuan Currency

Japan Inspires China to Boost Yuan

The People's Bank of China (PBoC) raised the exchange rate of the Yuan currency against the U.S. dollar by 0.56 percent, the biggest increase since 2005.

China is relaxing credit card rules to boost the market.

China's Central Bank Relaxes Credit Card Rules

China's central bank relaxed credit card ending rates and increased the cash withdrawal limit.

Yuan Devaluation

China's Yuan Loses Value for Second Straight Day

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.

Yuan, IMF, SDR,

IMF Not Yet Ready to Add Chinese Yuan in Currency Basket

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.

China Bank Lending

China Bank Lending Increased in June, Helped by Central Bank's Incentives

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.

Yuan, IMF, SDR,

Will the IMF Grant the Renminbi Special Drawing Rights Status?

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.

China Central Bank

Chinese Authorities Change 7 Members of Central Bank's Monetary Policy Committee

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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