Central bank targets exchange rate stability
3 years, 6 months ago

Central bank targets exchange rate stability

China Daily  

The People's Bank of China aims to keep the RMB exchange rate stable against major currencies amid China's post-pandemic recovery. ZHANG XINGLONG/CHINA NEWS SERVICE Wide range of options open to the PBOC, market players say The central bank is determined to keep the RMB exchange rate stable against a basket of major currencies amid China's post-pandemic recovery, according to economists. Market players said the People's Bank of China, the country's central bank, has various tools it can use to maintain a stable exchange rate. The measures include open market operations using foreign reserves, and resetting the so-called counter-cyclical factor－the adjustment that contributing banks make to the daily trade-weighted reference rate the central bank uses to guide the RMB.

China Market Central Bank Bank Safe Foreign Exchange Central Foreign Rate Measures Ing Exchange Rmb  stability  exchange  targets  foreign  rmb  market  measures  financial  china  bank  rate  central

History of this topic

China to steadily push forward financial opening-up: central bank
Top News
1 month, 2 weeks ago

China to steadily push forward financial opening-up: central bank

China Daily  

Headquarters of the People's Bank of China, the central bank, is pictured in Beijing, China. BEIJING - China will steadily promote institutional opening-up of the financial service sector and the financial market, and expand connectivity between domestic and overseas financial markets, according to the central bank. China will continue to implement a supportive monetary policy, improve the quality and efficiency …

Central Banks' Reserves Offer Shield as Dollar's Strength Contributes to Asian Pressure
1 month, 3 weeks ago

Central Banks' Reserves Offer Shield as Dollar's Strength Contributes to Asian Pressure

Live Mint  

A $6.4 trillion FX reserve pile in Asia is providing central banks with ammunition to fight the dollar's strength stemming from the US presidential election. The reserve pile gives Asian economies a buffer against capital outflows and constraints to their monetary policy room. However, strategists expect losses in Asian currencies if Trump returns to power and reignites a trade war.

Renminbi on track for stability against USD
2 months, 2 weeks ago

Renminbi on track for stability against USD

China Daily  

The renminbi is still on track for overall stability with two-way fluctuations against the US dollar in the months ahead, and with limited risks of one-sided and substantial appreciation, said a leading currency expert. "Meanwhile, the People's Bank of China, the central bank, seems always ready to prevent the renminbi exchange rate from overshooting, either excessive appreciation or depreciation. Pan …

PBOC hints at further cuts in the reserve requirement ratio
3 months, 2 weeks ago

PBOC hints at further cuts in the reserve requirement ratio

China Daily  

The financial district of Pudong New Area. China will intensify counter-cyclical monetary measures at the aggregate level, central bank officials said on Thursday, implying room for further reductions in the reserve requirement ratio. Zou Lan, head of the Monetary Policy Department of the People's Bank of China, the country's central bank, said that the current average RRR of financial institutions …

US interest rate concerns drive renminbi's ascendancy
3 months, 3 weeks ago

US interest rate concerns drive renminbi's ascendancy

China Daily  

Over recent months, a seemingly surprising trend has emerged on the global financial landscape — foreign investors are flocking to Chinese renminbi bonds, even as US bonds boast higher yields. These factors, they said, will continue to help the renminbi's ascent as an international currency, strengthening its reserve, payment, financing and pricing functions, and offering a win-win for the global …

China may keep RMB stable if Fed cuts rates
3 months, 3 weeks ago

China may keep RMB stable if Fed cuts rates

China Daily  

A woman shows banknotes and coins included in the 2019 edition of the fifth series of the renminbi. With the United States appearing to be poised for interest rate cuts starting September, Chinese policymakers should strengthen monitoring of capital flows and prepare contingency plans against any potential sharp renminbi appreciation, analysts said. Stephen Jen, chief executive of British hedge fund …

US interest rate concerns drive renminbi's ascendancy
3 months, 3 weeks ago

US interest rate concerns drive renminbi's ascendancy

China Daily  

Over recent months, a seemingly surprising trend has emerged on the global financial landscape — foreign investors are flocking to Chinese renminbi bonds, even as US bonds boast higher yields. These factors, they said, will continue to help the renminbi's ascent as an international currency, strengthening its reserve, payment, financing and pricing functions, and offering a win-win for the global …

US interest rate concerns drive renminbi's ascendancy
3 months, 3 weeks ago

US interest rate concerns drive renminbi's ascendancy

China Daily  

By Zhou Lanxu and Liu Zizheng | China Daily | Updated: 2024-08-29 07:01 Over recent months, a seemingly surprising trend has emerged on the global financial landscape — foreign investors are flocking to Chinese renminbi bonds, even as US bonds boast higher yields. The allure of renminbi-denominated assets has been underpinned by a global shift away from over-reliance on the …

China’s Central Bank to add temporary repos depending on market conditions
5 months, 2 weeks ago

China’s Central Bank to add temporary repos depending on market conditions

Hindustan Times  

China’s central bank will conduct temporary bond repurchase or reverse repurchase operations in the afternoon, in addition to its traditional morning operations, tightening its control over short-term interest rates. The People’s Bank of China said it will conduct such operations “depending on the market situation” between 4 p.m. and 4:20 p.m. each working day, according to a statement on Monday. …

Market sees moves to stabilize yuan
5 months, 2 weeks ago

Market sees moves to stabilize yuan

China Daily  

Additional policy measures supportive of yuan stability appear to be in the pipeline, to counter the lingering uncertainties of US monetary policy and help the Chinese currency gain a firmer footing against the greenback in the second half of the year, analysts said. To ensure yuan stability, Liu said policymakers may need to take measures such as cutting the foreign …

China takes firm steps to prevent exchange rate overshooting: central bank governor
6 months ago

China takes firm steps to prevent exchange rate overshooting: central bank governor

China Daily  

Xinhua| Updated :2024-06-20 SHANGHAI -- China has taken firm steps to prevent the risks of exchange rate overshooting, said Pan Gongsheng, governor of the People's Bank of China, on Wednesday. The RMB exchange rate has remained basically stable in complicated circumstances, Pan said at the 15th Lujiazui Forum held in Shanghai. Letting the market play a decisive role in the …

China takes firm steps to prevent exchange rate overshooting: central bank governor
6 months ago

China takes firm steps to prevent exchange rate overshooting: central bank governor

China Daily  

Pan Gongsheng, governor of the People's Bank of China, during the 15th Lujiazui Forum in Shanghai, June 19, 2024. SHANGHAI -- China has taken firm steps to prevent the risks of exchange rate overshooting, said Pan Gongsheng, governor of the People's Bank of China, on Wednesday. The RMB exchange rate has remained basically stable in complicated circumstances, Pan said at …

China Restates Need for Steady Yuan Amid Fragile Confidence
8 months ago

China Restates Need for Steady Yuan Amid Fragile Confidence

Hindustan Times  

China reiterated the need to prevent one-sided moves in the yuan, as a resurgent dollar and poor risk sentiment pressure currencies across Asia. China Restates Need for Steady Yuan Amid Fragile Confidence The nation will “resolutely” put the yuan back on track when traders place lopsided bets and it’ll also try to avoid excessive volatility, the People’s Bank of China …

Central bank committed to prudence
8 months, 3 weeks ago

Central bank committed to prudence

China Daily  

Headquarters of the People's Bank of China, the central bank, is pictured in Beijing. China's central bank may regard treasury bond trading in the secondary market as one of the common means to provide liquidity — a practice that hasn't been active for about two decades and a meaningful means to optimize its monetary policy system, experts said. Discussions of …

PBOC sets goals to support economic growth, development
11 months, 2 weeks ago

PBOC sets goals to support economic growth, development

China Daily  

Headquarters of the People's Bank of China, the central bank, is pictured in Beijing. China's central bank will work to sustain buoyant financing activity while expanding financial opening-up this year as part of its efforts to effectively support economic growth and high-quality development. The People's Bank of China, the country's central bank, said on Friday that it will focus on …

PBOC to maintain reasonable, ample liquidity
1 year, 4 months ago

PBOC to maintain reasonable, ample liquidity

China Daily  

A pedestrian walks past the headquarters of the PBOC in Beijing. JIANG QIMING/CHINA NEWS SERVICE China's central bank said on Thursday it will comprehensively utilize various monetary policy tools, maintain reasonable and ample liquidity and ensure moderate and steady growth of money supply and credit. And it will also flexibly conduct open market operations, keep liquidity in the banking system …

Globalization of renminbi to boost stability
1 year, 5 months ago

Globalization of renminbi to boost stability

China Daily  

A worker counts Chinese currency renminbi at a bank in Linyi, East China's Shandong province. The internationalization of the renminbi is gathering momentum, and such a trend will help facilitate China's further opening-up and encourage the country's global trade and investment, scholars and analysts said. The RMB's share stood at 2.54 percent in May, Swift said, adding that the Chinese …

Central bank digital currency simplest fix for banking
1 year, 8 months ago

Central bank digital currency simplest fix for banking

China Daily  

Last year, the Nobel Prize in Economics went to two economists who study the dynamics of bank runs, as well as to former US Federal Reserve chair Ben Bernanke for his work analyzing how central banks have dealt with some of history's worst banking crises, such as those in the Great Depression of the 1930s. A country's monetary authority could …

PBOC steps up support for real economy
2 years, 7 months ago

PBOC steps up support for real economy

China Daily  

China is expected to deepen deposit rate reforms to lower corporate financing costs as part of the central bank's well-calibrated efforts to strike a balance between stabilizing economic growth and sheltering from the risk of capital outflows, economic experts said on Tuesday. They gave the remarks after the People's Bank of China, the country's central bank, said it had guided …

PBOC steps up support for real economy
2 years, 7 months ago

PBOC steps up support for real economy

China Daily  

China is expected to deepen deposit rate reforms to lower corporate financing costs as part of the central bank's well-calibrated efforts to strike a balance between stabilizing economic growth and sheltering from the risk of capital outflows, economic experts said on Tuesday. They gave the remarks after the People's Bank of China, the country's central bank, said it had guided …

PBOC steps up support for real economy
2 years, 7 months ago

PBOC steps up support for real economy

China Daily  

China is expected to deepen deposit rate reforms to lower corporate financing costs as part of the central bank's well-calibrated efforts to strike a balance between stabilizing economic growth and sheltering from the risk of capital outflows, economic experts said on Tuesday. They gave the remarks after the People's Bank of China, the country's central bank, said it had guided …

PBOC may have to juice China’s economy as ‘stagflation’ risk rises
3 years, 1 month ago

PBOC may have to juice China’s economy as ‘stagflation’ risk rises

CNN  

Hong Kong CNN Business — A Chinese central official has warned that stagflation could weigh on an already struggling economy next year. Liu Shijin, a member of the People’s Bank of China’s monetary policy committee, told an online forum on Sunday that the world’s second largest economy may have to deal with “quasi-stagflation” the rest of this year and into …

PBOC to cut reserve ratio, add liquidity
3 years, 5 months ago

PBOC to cut reserve ratio, add liquidity

China Daily  

The People's Bank of China in Beijing. China's central bank announced on Friday it would reduce the cash financial institutions are required to keep in reserve and release about 1 trillion yuan of liquidity effective on Thursday, an expected measure undertaken to better support the real economy and keep corporate financing costs at a low level. The People's Bank of …

PBOC to cut reserve ratio, add liquidity
3 years, 5 months ago

PBOC to cut reserve ratio, add liquidity

China Daily  

The People's Bank of China in Beijing. China's central bank announced on Friday it would reduce the cash financial institutions are required to keep in reserve and release about 1 trillion yuan of liquidity effective on Thursday, an expected measure undertaken to better support the real economy and keep corporate financing costs at a low level. The People's Bank of …

Central bank pledges flexible, precise implementation of monetary policy
3 years, 5 months ago

Central bank pledges flexible, precise implementation of monetary policy

China Daily  

China will implement its monetary policy in a flexible and precise way and strike a balance between economic recovery and risk prevention, the central bank has said. In a statement released after a quarterly meeting of its monetary policy committee, the People's Bank of China has pledged efforts to keep the economy running within an appropriate range and ensure that …

Central banks up reserves of RMB to a high
3 years, 5 months ago

Central banks up reserves of RMB to a high

China Daily  

A cashier at a bank in Taiyuan, Shanxi province counts renminbi notes. In the first quarter this year, various central banks held $287.46 billion worth of Chinese RMB in official foreign exchange reserves, the highest level since the fourth quarter of 2016 and representing 2.45 percent of the total, the International Monetary Fund reported on Wednesday. The US dollar had …

Central bank targets exchange rate stability
3 years, 6 months ago

Central bank targets exchange rate stability

China Daily  

The People's Bank of China aims to keep the RMB exchange rate stable against major currencies amid China's post-pandemic recovery. ZHANG XINGLONG/CHINA NEWS SERVICE Wide range of options open to the PBOC, market players say The central bank is determined to keep the RMB exchange rate stable against a basket of major currencies amid China's post-pandemic recovery, according to economists. …

Central bank targets exchange rate stability
3 years, 6 months ago

Central bank targets exchange rate stability

China Daily  

A bank clerk checks currency in Hai'an, Jiangsu province. XU JINGBAI/FOR CHINA DAILY Closer watch Research from Deutsche Bank predicts that from this year to 2025, about $590 billion in foreign capital may be injected into China's bond market, and that by 2025, RMB-denominated assets could comprise some 5 percent of global reserves. The German investment bank said that as …

Central bank targets exchange rate stability
3 years, 6 months ago

Central bank targets exchange rate stability

China Daily  

The People's Bank of China aims to keep the RMB exchange rate stable against major currencies amid China's post-pandemic recovery. ZHANG XINGLONG/CHINA NEWS SERVICE Wide range of options open to the PBOC, market players say The central bank is determined to keep the RMB exchange rate stable against a basket of major currencies amid China's post-pandemic recovery, according to economists. …

Central bank targets exchange rate stability
3 years, 6 months ago

Central bank targets exchange rate stability

China Daily  

The People's Bank of China aims to keep the RMB exchange rate stable against major currencies amid China's post-pandemic recovery. ZHANG XINGLONG/CHINA NEWS SERVICE Wide range of options open to the PBOC, market players say The central bank is determined to keep the RMB exchange rate stable against a basket of major currencies amid China's post-pandemic recovery, according to economists. …

Central bank targets exchange rate stability
3 years, 6 months ago

Central bank targets exchange rate stability

China Daily  

The People's Bank of China aims to keep the RMB exchange rate stable against major currencies amid China's post-pandemic recovery. ZHANG XINGLONG/CHINA NEWS SERVICE Wide range of options open to the PBOC, market players say The central bank is determined to keep the RMB exchange rate stable against a basket of major currencies amid China's post-pandemic recovery, according to economists. …

PBOC raises requirement for banks' forex deposits
3 years, 6 months ago

PBOC raises requirement for banks' forex deposits

China Daily  

A teller counts and arranges dollar notes at an Agricultural Bank of China branch in Qionghai, Hainan province. The People's Bank of China announced the increase in the required reserve ratio on foreign exchange deposits in financial institutions to 7 percent from 5 percent, to improve forex liquidity management in financial institutions. The boosting of the forex deposit reserve ratio …

China to stay on 'normal' policy path
4 years ago

China to stay on 'normal' policy path

China Daily  

The People's Bank of China. PBOC report: Interest rates to be kept at low levels to support small firms China will maintain a normal monetary policy for as long as possible and keep interest rates at a relatively low level to support small business financing and maintain ample liquidity in the system, the People's Bank of China, the central bank, …

China's central bank pledges continued opening-up of financial industry
4 years, 4 months ago

China's central bank pledges continued opening-up of financial industry

China Daily  

The People's Bank of China, the central bank, said on Aug 3 that it will resolutely push forward the opening-up of the country's financial industry in a sound and orderly manner. It will promote a full implementation of the foreign investment administration model of pre-establishment national treatment plus negative list, advance the internationalization of the renminbi and capital account convertibility …

Discover Related