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RMB bonds to be included in the Bloomberg-Barclays Global Composite Index

On 31 Jan 2019, Bloomberg made an official announcement that Chinese government bonds and policy bank bonds denominated in Renminbi will be included in the Bloomberg-Barclays Global Composite Index from April 2019. The process is expec... Read more
31
Jan
2019

China cuts banks’ reserve ratios by 1% as economy slows

The cut in banks’ reserve requirement ratios is the first in 2019 and the fifth in a year by the People’s Bank of China.... Read more
04
Jan
2019

PBOC renews currency backup from UK and Japan to defend yuan

China central bank renews currency swap deal with UK of 350 billion yuan (US$50 billion). UK swap renewal came just two weeks after a similar credit line of 200 billion yuan with Japan... Read more
14
Nov
2018

China signals tougher measures to shore up yuan

It omits key phrase in Q3 policy report respecting market forces’ role as yuan edges to its weakest in over a decade... Read more
13
Nov
2018

China to sell new yuan bills in Hong Kong – a new tool to control the currency now at a 10-year low

Numbers show further economic slowing and could prompt more policy support from Beijing after previous initiatives fail to spark revival.... Read more
31
Oct
2018

RMB, Philippine peso trading platform formally launched

The Bank of China Manila Branch, together with Philippines’ 13 biggest banks, jointly ratified the launch of the Philippine Renminbi (RMB) Trading Community, a platform aimed to enhance the trading and monetary transactions bet... Read more
31
Oct
2018

China-Japan sign three-year FX swap deal to strengthen financial stability, business activity

Japan and China signed a bilateral currency swap arrangement on Friday aimed at enhancing the financial stability of the two countries, the Bank of Japan said.... Read more
26
Oct
2018

China cuts some banks’ reserve requirements to spur growth

Reserve requirement ratios (RRRs) — currently 15.5 percent for large institutions and 13.5 percent for smaller banks — would be cut by 100 basis points effective Oct. 15, the PBOC said.... Read more
07
Oct
2018

Bank of China cite benefits of direct RMB-Peso conversion

The renewed economic ties between the Philippines and China should prompt Filipino businessmen into using the renminbi directly in their transactions with Chinese counterparts. In a statement, the Bank of China (BOC) said the Bangko Se... Read more
13
Sep
2018

Yuan up as China restarts ‘counter-cyclical factor’

Move will offset exchange rate’s fluctuation tendency: expert... Read more
27
Aug
2018
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