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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
MOFCOM: China and US Should Create Favorable Conditions for Two-Way Agricultural Trade
Ministry of Commerce spokesperson He Yadong said at the May 21 regular press conference that China and the United States should create favorable conditions for two-way agricultural trade and work to r
State Council Reviews National Unified Market Construction and PBoC Law Amendment
Premier Li Qiang chaired a State Council executive meeting on May 21, reviewing work to advance the construction of a national unified market, approving the 15th Five-Year Plan for modernizing China's