PBOC
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Asian Stocks Jump After China Cuts Five-Year Loan Prime Rate
China cut its five-year loan prime rate (LPR) by 15 basis points to help bolster its housing market. China cut its five-year loan prime rate (LPR) by 15 basis points to help bolster its housing market. -
China Regulator Fines Tencent’s Payment Platform For Violating Forex Rules
SAFE fines Tenpay 2.77 million yuan ($434,791) for carrying out forex activity outside the scope of its registration. SAFE fines Tenpay 2.77 million yuan ($434,791) for carrying out forex activity outside the scope of its registration. -
Asia Indexes Fall:Selling In Hong Kong Tech, Virus, China Interest Rates Concern Participants
MSCI's index of Asia-Pacific shares fell 1% to its lowest since late May in spite of positive news from Wall Street. MSCI's index of Asia-Pacific shares fell 1% to its lowest since late May in spite of positive news from Wall Street. -
China Data: The Gloss Starts To Come Off With Slowing Industrial Profits
Liabilities at industrial companies were up 8.2% year on year at the end of May compared with 8.6% growth a month earlier. Liabilities at industrial companies were up 8.2% year on year at the end of May compared with 8.6% growth a month earlier. -
China's Forex Reserves Surpass $1.35 Trillion
The increase in deposits is owing to an increase in demand for China's goods and foreign investments. The increase in deposits is owing to an increase in demand for China's goods and foreign investments. -
Yuan Rapid Appreciation Unsustainable, Ex-PBOC Official Says
The recent appreciation of the Chinese yuan is temporary and unsustainable. The recent appreciation of the Chinese yuan is temporary and unsustainable. -
China Appoints Two New Experts To Central Bank Monetary Committee
Cai Fang and Wang Yiming have been appointed to the PBOC Monetary Policy Committee. Cai Fang and Wang Yiming have been appointed to the PBOC Monetary Policy Committee. -
Mainland Stocks Bearish On Liquidity Concerns
Alibaba's stock gained some traction after its fintech arm Ant Group reached a restructuring agreement with China regulators. Alibaba's stock gained some traction after its fintech arm Ant Group reached a restructuring agreement with China regulators. -
JD.com Becomes China's First Online Mall To Use Electronic Yuan
JD Digits will accept electronic yuan as payment for some products on the company's online mall. JD Digits will accept electronic yuan as payment for some products on the company's online mall. -
COVID-19 Can Contaminate Banknotes, Touchscreens for Two Weeks
The study showed the survival of the virus fell to less than a day at 40 C on some surfaces. The study showed the survival of the virus fell to less than a day at 40 C on some surfaces.