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PBOC and SAMR Clarify Boundaries for RMB Trading
The People's Bank of China (PBOC) and the State Administration for Market Regulation (SAMR) announced on August 21 that, except under specific circumstances, no entities or individuals are permitted t
China's MOFCOM Responds to US Section 232 Tariffs on Drones and Components
At the regular press conference held on August 20, He Yadong, spokesperson for the Ministry of Commerce, responded to a question regarding the US imposition of tariffs on drones. He said China has not
PBOC's 7-Day Reverse Repo at Zero for Seven Straight Days Does Not Signal a Liquidity Tightening
As of August 19, the People's Bank of China has kept its 7-day reverse repo operation volume at "zero injection" for seven consecutive trading days, drawing broad market attention. Considering the cen
US Asks Allies to Pick Sides in US-China AI Ecosystem; China Says It Firmly Opposes Bloc Confrontation
On August 19, Foreign Ministry spokesperson Lin Jian presided over the regular press conference.A reporter from The Paper asked: According to reports, the US government plans to send a letter to "part
RMB/USD Rate Retreats Slightly After Hitting New Stage High
The RMB/USD rate hit a new stage high recently. Wind data showed that on August 17, the offshore RMB/USD rate briefly rose to 6.7376 intraday, while the onshore RMB/USD touched 6.7370, both setting ne
PBOC's 7-Day Reverse Repo at Zero for Seven Straight Sessions: What Signal Is Being Sent?
Recently, two notable changes have emerged in the People's Bank of China's open-market operations: first, the 7-day reverse repo operation has been at zero for several consecutive sessions; second, th
RMB Mid-Rate Hits 3.5-Year High; Market Outlook Points to Range-Bound Strength
The RMB exchange rate extended its appreciation trend. On August 19, the central parity rate of RMB against the US dollar was set at 6.7854, the highest level in three and a half years, representing a
China's Foreign Exchange Market Remained Steady in July
On August 17, the State Administration of Foreign Exchange (SAFE) released data on banks' foreign-exchange settlement and sales and banks' foreign-exchange receipts and payments on behalf of clients f
China's Foreign Exchange Market Remains Steady; July Bank Forex Settlement Surplus Hits US$18.3 Billion
On the 17th, reporters learned from the State Administration of Foreign Exchange (SAFE) that in July 2026, banks purchased foreign exchange worth US$266.3 billion and sold US$248 billion, posting a fo
US Lawmakers Press Bessent on Yen Intervention: Legal Basis and Funds Disclosure Demanded
US Democratic Senator Elizabeth Warren is demanding that Treasury Secretary Scott Bessent explain the rationale behind the government's intervention in the yen exchange rate.As the Ranking Member of t