People's Bank of China (PBOC) : Chinatopix

People's Bank of China (PBOC)

China is Inching Closer to Launch Digital Currency in Market

Feb 24, 2017 03:45 AM EST

China is closer than ever before in embarking on a digital currency revolution as the People's Bank of China (PBoC) successfully completes the trail run of its prototype cryptocurrency.

China’s yuan didn’t suffer a sharp fall.

Chinese Yuan did not Suffer a Steep Decline

Theena Ocay |

Dec 07, 2016 12:02 PM EST

Rumors that China's currency suffered from a steep decline on Tuesday have been circulated across social media; however, CNBC clarified that China's yuan did not suffer a sharp fall.

The Markit/Caixin manufacturing Purchasing Managers' Index for the month of September stood at 50.1, up from the reading of 50 for the month of August.

China Caixin Manufacturing PMI Shows Marginal Increase in September

S. Rina |

Sep 30, 2016 12:49 PM EDT

The Markit/Caixin Manufacturing Purchasing Managers' Index for the month of September stood at 50.1, up from the reading of 50 for the month of August.

Japan Inspired China to Boost Yuan Currency

Japan Inspires China to Boost Yuan

Maria Crisanta Echeverria |

May 01, 2016 07:22 PM EDT

The People's Bank of China (PBoC) raised the exchange rate of the Yuan currency against the U.S. dollar by 0.56 percent, the biggest increase since 2005.

China is relaxing credit card rules to boost the market.

China's Central Bank Relaxes Credit Card Rules

Charissa Echavez |

Apr 18, 2016 09:40 AM EDT

China's central bank relaxed credit card ending rates and increased the cash withdrawal limit.

China's Yuan Loses Value for Second Straight Day

Benjie Batanes |

Aug 12, 2015 11:50 AM EDT

Chinese financial authorities have let the yuan fall in value for the second straight day on Wednesday, providing a boost for the country's exporters. Meanwhile, other countries, such as the United States, have denounced China's decision to let the yuan devaluation trigger speculations of a currency war.

IMF Not Yet Ready to Add Chinese Yuan in Currency Basket

Benjie Batanes |

Aug 05, 2015 12:45 PM EDT

The International Monetary Fund (IMF) has released its findings on Tuesday and concluded that it will not add the Chinese Yuan in its Special Drawing Rights (SDR) arsenal until the latter part of next year. This is a clear setback for the Chinese government that has been campaigning for the Yuan to be added in the currency basket as soon as possible.

China Bank Lending Increased in June, Helped by Central Bank's Incentives

Benjie Batanes |

Jul 15, 2015 07:35 AM EDT

China bank lending for the month of June has reportedly reached around 1.27 trillion yuan ($206.18 billion). The series of incentives released by the People's Bank of China (PBOC) helped achieved the better-than-expected figures.

Will the IMF Grant the Renminbi Special Drawing Rights Status?

Kwao Peppeh |

Jun 18, 2015 07:32 AM EDT

Since the beginning of the month, a team of experts from the International Monetary Fund (IMF) have been in China to assess whether the yuan should finally be added to the organization's basket of currencies with Special Drawing Rights (SDR). While the government and central bank officials have expressed optimism about the prospects of the renminbi's inclusion, the questions remains about whether the currency will meet the IMF's requirements to be included in its SDR basket this time around.

Chinese Authorities Change 7 Members of Central Bank's Monetary Policy Committee

Kwao Peppeh |

Jun 16, 2015 06:54 AM EDT

The State Council has on Monday announced a change to the composition of the monetary policy committee of the People's Bank of China (PBOC). The change sees seven new members being appointed to replace seven others.