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PBOC told banks to hold off on immediate USD purchases in interbank market

Citing two sources with knowledge of the matter, Reuters reported on Thursday, the People’s Bank of China (PBOC) urged some of the country's biggest b

People bank

China to scrutinise bulk dollar purchases

Companies that need to purchase $50m will need PBOC approval

People bankChina central bankChina central

PBOC: Yuan exchange rate has solid basis to stay reasonably stable at balanced levels

The People’s Bank of China (PBOC) said in a statement on Monday, “the Yuan exchange rate has a solid basis to stay reasonably stable at balanced level

People bank

PBOC to scrutinize bulk US Dollar purchases – Reuters

Citing three sources with direct knowledge of the matter, Reuters reported on Monday, the People’s Bank of China (PBOC) is stepping up its scrutiny of

People bankChinese yuan

PBOC sets USD/CNY reference rate at 7 2150 vs 7 3297 previous

On Friday, the People’s Bank of China (PBOC) fixed the USD/CNY central rate at 7.2150, compared with Thursday’s fix of 7.3297 and market expectations

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