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11.11.26 - 05:57
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China To Sell First Yuan Sovereign Bonds In Canada As Beijing Pushes Dollar Alternative (ZeroHedge)
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China To Sell First Yuan Sovereign Bonds In Canada As Beijing Pushes Dollar Alternative
Authored by Matthew Horwood via The Epoch Times,China plans to issue its first yuan-denominated sovereign bonds in Canada this week, as Chinese Vice Premier He Lifeng visits the country for talks aimed at establishing closer ties.China's Ministry of Finance announced that it will issue up to 4 billion yuan (CA$846 million) in sovereign green bonds in Canada beginning Nov. 9. The green bond proceeds are meant for projects beneficial to the environment.China's state-run Global Times said the move marks "another step in expanding the Chinese currency's international reach" and creating an alternative to the U.S. dollar in trade. Beijing has been seeking to reduce reliance on the U.S. dollar and promote the use of its own currency in international trade, including through BRICS, an international grouping it co-founded with countries including Brazil, Russia, and IndiaThe announcement coincided with...
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04.11.26 - 12:00
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Chinese exporters see respite as Beijing curbs yuan rise amid looming record surplus (SCMP)
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The People's Bank of China's (PBOC) intervention to raise the foreign exchange reserve requirement ratio amid the yuan's sustained rally has delivered a reprieve for China's broader export sector, as the measure is expected to partly ease appreciation momentum driven by the country's enormous trade surplus, analysts say.
China's goods trade surplus mounted to a record US$938.1 billion in the January-September period, rising from US$726.2 billion in the same period a year prior. With the full......
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03.11.26 - 13:54
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PBOC pledges support for stocks as China′s market slide defies rescue efforts (SCMP)
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China's central bank governor has reaffirmed support for the country's beleaguered stock market after a series of rescue measures failed to put a floor under plummeting share prices.
Pan Gongsheng, governor of the People's Bank of China (PBOC), pledged in a work report presented to the standing committee of the National People's Congress on Tuesday that more actions would be taken to ease financial risks in key areas, including the capital market and the property sector.
“Monetary policy tools......
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03.11.26 - 08:01
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China moves to simplify forex settlements and make cross-border business easier (SCMP)
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China plans to expand foreign exchange settlement services and streamline cross-border trade payments, in a move to lower transaction costs and facilitate international commerce.
The State Administration of Foreign Exchange (Safe) on Monday released a draft notice for public consultation outlining nine measures to facilitate current-account foreign exchange transactions. The proposals aimed to “broaden the applicable scenarios, scope and types of services” and “further reduce businesses' fund......
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Devisenmarkt China 24337 -0.14% (Hang Seng Kurs)
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