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Chinese central bank News

19 Aug 2020

People's Bank of China picks up stake in ICICI Bank via QIP issue

The People's Bank of China was among 357 institutional that subscribed to the issue. Other investors included domestic mutual funds, insurance companies and global institutions. The Chinese central bank has reportedly picked up shares worth Rs 15 crore in Rs 15,000 crore QIP issue.

China bitcoin trading

14 Sep 2017

Reports: China orders bitcoin exchanges to shut down

China was one of the world's biggest markets for bitcoin but trading volume has declined as regulators tightened controls.

17 Aug 2015

China strengthens yuan rate against dollar by 0.01%

The daily reference rate was set at 6.3969 yuan to $1.0, slightly stronger than Friday`s 6.3975, the China Foreign Exchange Trade System said.

12 Aug 2015

Brokerages see no major trade hit on yuan fall

Even though the rupee has been under pressure for past two trading sessions, French brokerage BNP Paribas said yuan devaluation will not have a major impact as the country's trade exposure to China is comparatively small and also due to strong balance of payments situation.

11 Feb 2015

Chinese economy more sustainable now: China central bank

China`s economy is now more sustainable and domestic consumption is steadily rising, Chinese Central Bank Vice Governor Yi Gang told a G20 meeting of finance officials earlier this week.

24 Sep 2014

China considering replacing central bank head: WSJ

Chinese central bank Governor Zhou Xiaochuan, an advocate of pro-market financial reforms, may lose his job in a reshuffling that follows internal battles over overhauling the economy, the Wall Street Journal reported on Wednesday.

21 Jul 2014

Switzerland, China agree swap boosting role of yuan

The BNS statement said that the agreement was "an important step" for the renminbi business in Switzerland.

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