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The Latest Breaking News from PBOC

China’s central bank has asked major state-owned banks to be prepared to sell dollars for the local unit in offshore markets as it steps up efforts to stem the descent of the yuan, four sources with knowledge of the matter said.

Bangkok Post

Plunging markets spur new intervention warnings across Asia

After some of the most dramatic declines in global financial markets since the Federal Reserve began lifting borrowing costs six months ago, authorities in Asia are stepping up efforts to prevent a downward spiral.

Bangkok Post

Hong Kong plans to launch trial of e-HKD in fourth quarter

HONG KONG: Hong Kong will start testing out a digital coin called the e-HKD from the fourth quarter, paving the way for a virtual currency the public can use in the future to shop, dine out and make money transfers.

Bangkok Post

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Explainer: What is pushing China towards economic slowdown & how it may impact India

NEW DELHI: World's second largest economy is moving towards an economic slowdown. Persisting geopolitical challenges, inflation and resurging cases of Covid-19 has put the Chinese economy under pressure.

The Times of India

China to Expand Global Investors’ Access to Its Financial Derivatives Market

As offshore investors become more active in trading Chinese bonds, their demand for derivatives to manage the risks of fluctuating interest rates has grown

Caixin Global

Opinion: How China Could Address Its Green Finance Challenges

To further grow the business, China should align its definitions with international standards, expand the scope of carbon trading and incorporate more advanced risk modeling and management

Caixin Global

Chinese fintech giant Ant closer to reviving iPO

HONG KONG: China’s central bank has accepted an application by Ant Group to set up a financial holding company, a key step toward finishing a year-long overhaul of Alibaba founder Jack Ma’s fintech business and reviving its stock market debut.

Bangkok Post

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Wang Tao: How Far Will China's Yuan Depreciate

The yuan could weaken further against the U.S. dollar in the coming months, ending the year at 6.9

Caixin Global

China’s Central Bank Vows Normalized Supervision of Tech Sector

The People’s Bank of China backs up Politburo signal last week that a year-long crackdown on the industry is drawing to a close

Caixin Global

China signals caution on inflation despite COVID, Ukraine woes

The People’s Bank of China keeps one-year loan prime rate at 3.7 percent and the five-year rate at 4.6 percent.

Al Jazeera

PBOC Cuts Chinese Banks’ Reserve Requirement, Releasing $83 Billion

Central bank slashes RRR by 25 basis points, aiming to help reduce businesses’ borrowing costs

Caixin Global

Eleven Cities Join China’s Digital Yuan Pilot Program

The PBOC says the trials have so far highlighted issues related to convenience, security and compliance

Caixin Global

Opinion: What China Should Watch for Amid the West’s Sanctions on Russia

In times of crisis, even countries with large forex reserves can suddenly run out of money. How then should they respond?

Caixin Global

Ling Huawei: Trillion Yuan Profit Transfer Shouldn’t Blur Line Between Central Bank and Finance Ministry

The practice of monetizing fiscal deficits is inappropriate for a country still in the process of establishing a modern fiscal system and modern central banking system

Caixin Global

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Caixin Global

China Green Bulletin: China’s Energy Intensity Dropped 3.8% in 2021

BIS to launch Asia green bond fund for central banks, leading lenders disclose details of emission reduction loans

Reason

Dear Olympics Media: Please Spare Us Your Fawning Over China's Digital Surveillance

Regarding the authoritarian country's central bank digital currency, you do not, under any circumstances, “gotta hand it to them.”

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