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China MOFCOM: Both Trade Teams to Finalize Arrangements and Expedite Implementation of $30B Reciprocal Tariff Reduction Framework
China's Ministry of Commerce (MOFCOM) spokesperson He Yadong stated at the regular press conference on May 28 that, in response to questions about progress in China-U.S. tariff negotiations, both econ
Onshore RMB Closes at 6.7837 Against USD, Up 110 Pips
The onshore renminbi closed at 6.7837 against the US dollar on May 25, 2026, gaining 110 pips from the previous trading day.
PBOC Sets RMB Central Parity Rate at 6.8318 Against USD, Up 55 Pips
The People's Bank of China set the RMB central parity rate against the US dollar at 6.8318 on May 25, 2026, raising the fixing by 55.00 pips from the previous session.
Onshore and Offshore RMB Hit Highest Levels Against USD Since Mid-February 2023
Both onshore and offshore renminbi exchange rates against the US dollar simultaneously reached their highest levels in over three years.On May 25, the onshore RMB spot rate broke through the 6.79 leve
Weekend Market Roundup: Eight Agencies Jointly Crack Down on Illegal Cross-Border Securities and Forex Fund Operations
Key market-moving developments this weekend: The State Council issued an implementation opinion on providing basic public services based on habitual residence; eight regulators led by the CSRC jointly
CSRC and Seven Agencies Launch Two-Year Crackdown on Illegal Cross-Border Securities and Futures Operations
The China Securities Regulatory Commission (CSRC) announced on May 22 that eight government departments have jointly issued an Implementation Plan for Comprehensive Rectification of Illegal Cross-Bord
PBoC Ends Tight Operations: 600 Billion Yuan MLF on May 25 as Late-Month Liquidity Pressures Mount
To maintain ample liquidity in the banking system, the People's Bank of China (PBoC) announced today that it will conduct a 600 billion yuan Medium-term Lending Facility (MLF) operation on May 25, wit
CSRC and Seven Agencies Launch Joint Crackdown on Illegal Cross-Border Securities and Forex Activities
To further prevent and combat illegal cross-border securities, futures, and fund operations, and to protect the legitimate rights and interests of investors, the China Securities Regulatory Commission
China Assets See 'Stock-FX Resonance' Again, Foreign Net Inflows Hit $13.1B YTD
China's economy and corporate earnings both exceeded expectations in Q1, and although some indicators temporarily pulled back in April, multiple foreign institutions at the recent UBS Asia Investment
PBoC to Conduct 600 Billion Yuan MLF Operation on May 25, Net Injection This Month
China's central bank continues to use Medium-term Lending Facility (MLF) to inject medium- and long-term liquidity in May.On May 22, the People's Bank of China (PBoC) announced its May MLF tender noti