China expanded its support for the beleaguered yuan with a plan to issue a record amount of bills in the Hong Kong market to mop up excess liquidity. The People’s Bank of China will auction 60 ...
while the Chinese currency traded in Hong Kong on Wednesday hit its weakest against the U.S. dollar in more than a year. The People's Bank of China is "trying to cool down the market by suspending ...
People’s Bank of China governor Pan Gongsheng said during a 20-minute speech at the annual Asian Financial Forum in Hong Kong. Beijing could also adjust and increase fiscal spending, he said.
The People’s Bank of China said Thursday that it will issue central bank bills in Hong Kong next week, a move seen as efforts to stabilize the yuan’s exchange rate in the offshore market.
SHANGHAI -- The People's Bank of China on Thursday said it will issue renminbi-denominated central bank bills worth a record 60 billion yuan ($8.18 billion) in Hong Kong, in what analysts said was ...
worth of bills in Hong Kong on Jan. 15. The bills will be issued with maturity of six months, or 182 days, the People's Bank of China said in a statement. The move aims to enrich yuan-investment ...
New rules further opening up China’s financial markets could give some mainlanders access to cryptocurrency investment products for the first time.
Offshore RMB activities experienced a setback, however, after the People’s Bank of China changed the way it set the central parity rate in August 2015. RMB deposits in Hong Kong fell from 1.0 ...
They sought sanctuary in the UK after escaping a crackdown on pro-democracy protests and the introduction of repressive ...