Global central banks’ use of the People’s Bank of China’s swap lines reached a two‑year high in the first quarter, underscoring rising international demand for the Chinese currency.
Global central banks’ use of the People’s Bank of China’s swap lines reached a two‑year high in the first quarter, underscoring rising international demand for the Chinese currency.
One-hundred yuan banknotes arranged in Shanghai, China, on Tuesday, Jan. 7, 2025. China maintained a tight grip on the yuan with its daily reference rate, as an overnight rally in the dollar threatened to derail sentiment toward the managed currency and its Asian peers.
The Hungarian central bank’s swap line with the People’s Bank of China provides a source of stability to the nation’s funding amid market volatility, according to a senior official.
The Hungarian central bank’s swap line with the People’s Bank of China provides a source of stability to the nation’s funding amid market volatility, according to a senior official.
People’s Bank of China Governor Pan Gongsheng defended his nation’s handling of its trade surplus, comments that come as exports continued to boom to start 2026.
People’s Bank of China Governor Pan Gongsheng defended his nation’s handling of its trade surplus, comments that come as exports continued to boom to start 2026.
Pan Gongsheng on March 22. Photographer: Qilai Shen/Bloomberg
RioZim Ltd., a former unit of Rio Tinto Group, lost its operating license in Zimbabwe after the miner failed to develop a 2,800 megawatt coal-fired power plant.
RioZim Ltd., a former unit of Rio Tinto Group, lost its operating license in Zimbabwe after the miner failed to develop a 2,800 megawatt coal-fired power plant.
The onshore yuan is heading for its biggest single-day gain in 10 months after the People’s Bank of China strengthened the daily reference rate for the managed currency by the most since January 2025.
The onshore yuan is heading for its biggest single-day gain in 10 months after the People’s Bank of China strengthened the daily reference rate for the managed currency by the most since January 2025.
The yuan rallied after the People’s Bank of China signaled its comfort with the currency’s appreciation via its daily reference rate, ahead of the National People’s Congress.
The yuan rallied after the People’s Bank of China signaled its comfort with the currency’s appreciation via its daily reference rate, ahead of the National People’s Congress.
The People’s Bank of China is boosting the supply of money available to banks to ensure they can meet the surge in demand for cash during the Lunar New Year holidays.
The People’s Bank of China is boosting the supply of money available to banks to ensure they can meet the surge in demand for cash during the Lunar New Year holidays.
The People’s Bank of China has lowered the minimum downpayment ratio for commercial property purchases to 30%, the central bank said in a statement Saturday.
The People’s Bank of China has lowered the minimum downpayment ratio for commercial property purchases to 30%, the central bank said in a statement Saturday.
The skyline over the Central Business District in Beijing. Photographer: JADE GAO/AFP
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