news
RMB Breaks Above 6.70 Against the Dollar: Savers Chasing 4% USD Deposit Rates Get a Lesson in FX Risk as Principal Shrinks
With the RMB exchange rate hitting a near three-year high, are US dollar time deposits offering rates of up to 4% still worth holding?Recently, the Federal Reserve announced a 25-basis-point hike in t
RMB Breaks Through 6.7 Against the Dollar: Multiple Factors Offer Strong Support, with a 'Rise First, Then Stabilize' Path Seen for the Year
On September 18, both the onshore and offshore yuan broke through the 6.7 level against the US dollar, hitting their strongest since 2023.Several market participants told Cailian Press that the yuan's
UBS's Fang Dongming: Foreign Allocation to Chinese Assets Is an Overriding Trend as RMB Shows Safe-Haven Traits
Amid rising global market volatility and investors' search for a new "safe haven," Chinese assets are drawing increasing attention. Fang Dongming, head of China at UBS Global Financial Markets, said i
PBOC Governor Pan Gongsheng: Safeguard Stable Operation of Stock, Bond and Forex Markets
Pan Gongsheng, Governor of the People's Bank of China (PBOC), has published a signed article in Qiushi magazine titled "Deeply Understanding the Changes in China's Financial Structure and Enhancing th
China's Cross-Border Capital Inflows Reach $62.4 Billion in August as SAFE Says Forex Market Operating Steadily
China's cross-border capital flows remained in net inflow in August 2026, with overall stable expectations in the foreign exchange market.Statistics released by the State Administration of Foreign Exc
PBOC to Conduct 500 Billion Yuan Outright Reverse Repo Operation on September 15
September's outright reverse repo will achieve an equal-amount rollover.The People's Bank of China announced on September 14 that, in order to maintain ample liquidity in the banking system, it will c
China's Social Financing Stock Rises 7.2% in August; New Aggregate Financing Totals 23.91 Trillion Yuan in First Eight Months
I. Aggregate social financing stock grew 7.2% year-on-yearPreliminary statistics show that at the end of August 2026, China's stock of aggregate social financing (AFRE) stood at 464.8 trillion yuan, u
PBOC Conducts Overnight Reverse Repos Again Mid-Month to Steer Short-Term Money Market Rates Steady
Following August, the People's Bank of China (PBOC) has once again carried out four consecutive overnight reverse repo operations in mid-month. On Thursday, the central bank announced that it will con
China's Forex Reserves Hold Above $3.4 Trillion for Fifth Straight Month, Up 0.57% in August
On September 7, the State Administration of Foreign Exchange (SAFE) released data showing that China's foreign exchange reserves stood at USD 3,438.3 billion at the end of August 2026, an increase of
China's Central Bank Accelerates Gold Buying in August to Three-Year High, Adding Over 400 Tonnes in Recent Years
Data released by the People's Bank of China (PBoC) on the evening of September 7 showed that China's gold reserves stood at 76.73 million ounces (about 2,386.6 tonnes) at the end of August, up 650,000