PBOC Sets Lending Priorities: Domestic Demand, Tech and Small Business
Economy

PBOC Sets Lending Priorities: Domestic Demand, Tech and Small Business

China's central bank says it will keep monetary policy accommodative and steer credit toward domestic demand, innovation...

Niamh O'Sullivan 👁 51 💬 0
PBoC Details Rate Cuts and New Relending Tools After 4.7% Growth
Economy

PBoC Details Rate Cuts and New Relending Tools After 4.7% Growth

China's central bank reports lower corporate borrowing costs, a stronger yuan and targeted credit expansion, while signa...

Niamh O'Sullivan 👁 51 💬 0
Ruble Weakens Against Yuan on Moscow Exchange, Weekly Loss Hits 51 Kopecks
Markets

Ruble Weakens Against Yuan on Moscow Exchange, Weekly Loss Hits 51 Kopecks

The Chinese currency rose to 12.24 rubles on Friday, marking a 0.51 ruble gain over the week as demand for yuan persiste...

Yael Ben-David 👁 33 💬 0
Yuan Hits Five-Month High as Russia's Finance Ministry Ramps Up FX Purchases
Markets

Yuan Hits Five-Month High as Russia's Finance Ministry Ramps Up FX Purchases

The Chinese yuan surged to 12.25 rubles, the strongest since March, after the Russian Finance Ministry unexpectedly incr...

Yael Ben-David 👁 52 💬 0
Hong Kong Summit Highlights Safe-Haven Pitch and Yuan Stock Connect Expansion
Markets

Hong Kong Summit Highlights Safe-Haven Pitch and Yuan Stock Connect Expansion

At the Caixin Summer Summit, Hong Kong officials pitched the city as a capital safe haven and outlined plans to add yuan...

Yael Ben-David 👁 43 💬 0
Ruble Edges Higher Against Yuan as Oil Rally and Tax Payments Lend Support
Markets

Ruble Edges Higher Against Yuan as Oil Rally and Tax Payments Lend Support

The Russian ruble strengthened moderately against the Chinese yuan on Tuesday, aided by rising oil prices and upcoming t...

Yael Ben-David 👁 61 💬 0