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Guan Tao: Don't Speak Hastily of a New Plaza Accord
On July 30 this year, the Japanese government once again entered the market to intervene against yen depreciation. On July 31, Japan and the United States went further, conducting high-profile joint i
Digital RMB Operating Institutions Expand to 30 with Eight New Banks
The roster of Digital RMB (e-CNY) operating institutions has expanded once again.On August 17, the People's Bank of China announced that Ping An Bank, Hengfeng Bank, Bohai Bank, Bank of Shanghai, Bank
RMB/USD Exchange Rate Breaches 6.74 Mark, Hits 3.5-Year High
Both the onshore and offshore RMB/USD exchange rates have broken through the 6.74 threshold.On August 17, the onshore RMB/USD spot rate breached the 6.74 mark during intraday trading, climbing as high
Weekend News Roundup: PBOC Releases July Financial Statistics
- PBOC releases July financial data: in the first seven months of 2026, aggregate social financing increased by 22.25 trillion yuan and RMB loans rose by 10.38 trillion yuan, with broad money (M2) up
Yuan Hits Three-and-a-Half-Year High as PBOC Releases July Financial Data - Weekend News Roundup
- PBOC releases July financial data: end-July aggregate social financing stock reached 463.27 trillion yuan (up 7.4% YoY), while broad money (M2) stood at 355.51 trillion yuan (up 7.7% YoY), both outp
Onshore Yuan Closes at 6.7422 Against US Dollar in Overnight Trading
On August 15, the onshore Chinese yuan closed at 6.7422 against the U.S. dollar in overnight trading, gaining 28 basis points from the previous trading session's overnight close.
What New Signals Does the Q2 Monetary Policy Implementation Report Reveal?
The People's Bank of China (PBOC) recently released the "2026 Q2 China Monetary Policy Implementation Report" (hereinafter "the Report"). The Report notes that since the beginning of the year, the PBO
PBOC: Aggregate Social Financing Growth Reaches 22.25 Trillion Yuan in First Seven Months, RMB Loans Increase by 10.38 Trillion Yuan
I. Outstanding Social Financing Stock Grew 7.4% Year-on-YearPreliminary statistics show that as of end-July 2026, the outstanding stock of aggregate social financing stood at 463.27 trillion yuan, up
PBOC Q2 Monetary Policy Report Clarifies Short-Term Interest-Rate Steering Direction
The short-term interest-rate steering target has gradually shifted to DR001, and the next step will be to gradually increase the frequency of overnight reverse-repo operations. In the "2026 Q2 China M
Huaxi Securities: Gold Prices Expected to Stabilize and Rebound, Watch Gold Jewelry Sector Recovery
Huaxi Securities Research said that the short-term gold price rebound is driven by expectation correction and sentiment, but the medium- and long-term support logic remains solid—the wave of central b