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RMB Shows Resilience: Yuan to Trade Firm with Two-Way Volatility Against US Dollar
On September 2, the renminbi slipped slightly against the US dollar. Over a longer horizon, however, the RMB has strengthened overall this year. Experts noted that the yuan's gains are not driven by a
PBOC Governor Pan Gongsheng Attends G20 FMCBG Meeting: China to Maintain a Moderately Accommodative Monetary Policy
On August 31 and September 1, 2026, the second Finance Ministers and Central Bank Governors (FMCBG) meeting of this year under the Group of Twenty (G20) was held in Asheville, the United States. The m
Cross-Border Investment Boost: China Issues Second Round of QDII Quotas This Year, Largest Increase Since June 2021
The channel for domestic funds to invest overseas in a compliant manner has been expanded once again.On August 28, the State Administration of Foreign Exchange (SAFE) updated its approval schedule for
China's Commerce Ministry Responds to U.S. Plan for Additional 7.5% Tariffs on Chinese Imports
On August 27, China's Ministry of Commerce held a regular press conference. Spokesperson Huang Ling responded to questions regarding the U.S. government's consideration of imposing an additional 7.5%
Over 600 Listed Firms Hit by FX Losses; Settlement Surplus Slows at the Margin; Outlook for RMB in H2
The RMB exchange rate has appreciated modestly year-to-date, reaching a staged high on August 21 when offshore RMB against the US dollar briefly surged to 6.7179, the highest level in nearly three and
PBOC Unveils 500 Billion Yuan MLF and Overnight Reverse Repo Combo to Ease Month-End Liquidity
The People's Bank of China (PBOC) announced that it will conduct overnight reverse repo operations from August 27 to September 1 through fixed-rate, quantity-tender methods, with a daily cap of 600 bi
PBOC to Conduct Overnight Reverse Repo Operations from Aug 27 to Sep 1, Daily Cap at 600 Billion Yuan
The People's Bank of China (PBOC) will continue conducting overnight reverse repo operations at the end of August. On August 24, the PBOC announced in an open market operation notice that, to better m
Cutting Red Tape While Boosting Efficiency: China's Bank Foreign-Exchange Business Reform Delivers Results
Reform of banks' foreign-exchange business operations has been a key priority in China's foreign-exchange administration in recent years.Since the State Administration of Foreign Exchange (SAFE) launc
US Debt Nears $40 Trillion: Can RMB Assets Serve as a Safe Haven Amid the Global Treasury Storm? Three Key Drivers Explained
Although the US Treasury Department suddenly announced this Wednesday that it would increase the scale of long-term bond buybacks in an attempt to lower long-term yields through a "borrow-short, repay
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