PBOC readies tools to shore up growth

Network Reprint 2020-08-31
Targeted easing rather than stimulus to be the top priority of central bank Central banks of the two largest economies in the world may adopt different strategies to sustain growth in the ensuing

PBOC shifts policy focus to 'resilience'

Network Reprint Network Reprint Finance 2020-09-11 38 0
Cross-cyclical framework considered a help in dealing with long-term issues The People's Bank of China will likely shift its policy focus to long-term economic resilience from short-term pressure

Fiscal goals including tax, fee cuts set to be met

Network Reprint Network Reprint Finance 2020-09-11 37 0
The government will be able to achieve its annual fiscal targets, according to its projection of steady economic recovery, cutting more than 2.5 trillion yuan ($359 billion) in taxes and fees to

China's forex reserves expand in July

Network Reprint Network Reprint Finance 2020-09-11 42 0
BEIJING -- China's foreign exchange reserves expanded to $3.1544 trillion at the end of July, from $3.1123 trillion at the end of June, official data showed Friday.

China's central bank injects 10b yuan into market

Network Reprint Network Reprint Finance 2020-09-11 40 0
BEIJING -- China's central bank Friday pumped cash into the banking system via reverse repos to maintain liquidity. The People's Bank of China injected 10 billion yuan (about $1.44 billion) into

Cotton futures open higher

Network Reprint Network Reprint Finance 2020-09-11 42 0
ZHENGZHOU -- Cotton futures opened higher Friday in daytime trading on the Zhengzhou Commodity Exchange (ZCE). The most active cotton contract for September 2020 delivery gained 130 yuan (about $

Shanghai gold futures close higher

Network Reprint Network Reprint Finance 2020-09-11 40 0
SHANGHAI -- Gold futures closed higher Friday in daytime trading on the Shanghai Futures Exchange. The most active gold contract for December 2020 delivery was up 4.1 yuan (about 59 cents) to clo

China's agricultural bank issues billions in overseas bonds

Network Reprint Network Reprint Finance 2020-09-11 43 0
BEIJING -- The Agricultural Development Bank of China (ADBC), the third-largest bonds issuer in China, has launched 4.3 billion yuan (about $619 million ) in overseas bonds. Of the total, 2.5 bil

China's major banks start internal testing of digital wallet app: report

Network Reprint Network Reprint Finance 2020-09-11 39 0
China's major state-run commercial banks are conducting large-scale internal testing of a digital wallet application, moving a step closer to the official launch of a home-grown digital currency,

China's benchmark interbank gold prices higher Friday

Network Reprint Network Reprint Finance 2020-09-11 43 0
BEIJING -- China's benchmark prices for spot interbank gold transactions were higher Friday, according to the China Foreign Exchange Trade System. The benchmark price for gold of 99.95 percent pu

Policy moves buoy bourses in China, US

Network Reprint Network Reprint Finance 2020-09-11 41 0
Central banks' steps fuel impressive increases in total turnover, trading Recent monetary policy moves by the central banks in China and the United States have fueled a rally in the major stock m
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