BANK OF CHINA LTD AD Stock News

In recent trade today, the People’s Bank of China (PBOC) set the yuan (CNY) at 6.3382 vs the last close of 6.3206 and estimate at 6.3333. Yesterday wa

In recent trade today, the Peoples Bank of China (PBOC) set the yuan (CNY) at 6.3246 vs the last close of 6.3257 and estimate at 6.3253. This was the

In recent trade today, the Peoples Bank of China (PBOC) set the yuan (CNY) at 6.3418 vs the last close of 6.3304 and the estimate at 6.3386. About th

Biden Family Made $31 Million From Individuals With ''Direct Ties To Chinese Spy Apparatus'': Schweizer The Biden family bagged $31 million from just five deals in China - all inked with individuals who have direct ties to the highest levels of Chinese intelligence , claims author Perter Schweizer in his new book, Red-Handed: How American Elites Get Rich Helping China Win . As Breitbart News reports, "Multiple financiers with direct ties to Chinese intelligence partnered with Hunter Biden during and after his fathers time as Vice President including the former head of the Ministry of State Security and the head of foreign intelligence recruitment and some of those relationships remain intact ," according to Scnweizer. The book outlines how Beijing sought a financial relationship with the Bidens as a method of "elite capture," which led to meetings between Hunter Biden and high-level Chinese financiers, as well as the CCP, in order to exert leverage over the powerful family. One of the central early players in the Bidens Chinese deals is a tycoon by the name of Che Feng , or The Super Chairman, as Hunter and his partners referred to him.

In recent trade today, the Peoples Bank of China (PBOC) set the yuan (CNY) at 6.3411 vs. the estimate of 6.3409 and the last close of 6.3396. About t

The Peoples Bank of China (PBOC) set the USD/CNY reference rate at 6.3492 on Friday when compared to the previous fix and the previous close at 6.348

USD/CNH refreshes intraday low to $6.3467, down 0.05% on a day during early Thursday following the Peoples Bank of Chinas (PBOC) rate cut. The PBOC

The Peoples Bank of China (PBOC) set the USD/CNY reference rate at 6.3485 on Thursday when compared to the previous fix and the previous close at 6.3

The Peoples Bank of China (PBOC) is out with the latest statement, announcing that it has cut the one-year loan prime rate (LPR) to 3.70% at its Janu

People''s Bank of China outlook in Chinese (state) financial media

The Peoples Bank of China (PBoC) wanted to slow down yuan appreciation, and it has had some success at this. USD/CNY has now stabilised at 6.37. In t

In recent trade today, the Peoples Bank of China (PBOC) set the yuan (CNY) at 6.3624 vs the estimated 6.3606 and the prior 6.3521. About the fix Chin

People’s Bank of China (PBOC) Deputy Governor Liu Guoqiang said in a statement on Tuesday, the central bank “will keep yuan exchange rate basically st

In recent trade today, the Peoples Bank of China (PBOC) set the yuan (CNY) at 6.3521 vs the estimated 6.3522 and the previous 6.3599. About the fix C

China Unexpectedly Cuts Key Rate, Adds Liquidity As Economic Growth Slowed, Retail Sales Slump A busy night started with weakness in US equity futures (Nasdaq down 0.5%) and an unexpected cut in a key China policy rate and a modest addition of liquidity. This was then followed by a mixed bag of China macro with a GDP beat but ugly retail sales disappointment. As Bloomberg reports, China lowered a key interest rate for the first time since the peak of the pandemic in 2020 as a property-market slump and repeated virus outbreaks dampened the nations growth outlook. The Peoples Bank of China cut the rate on its one-year policy loans by 10 basis points to 2.85%. Thats the first reduction since April 2020. It also slashed the rate on the seven-day reverse repurchase agreements by the same magnitude to 2.1%. The central bank made the move while offering 700 billion yuan ($110 billion) via the medium-term lending facility, exceeding the 500 billion yuan coming due . It added 100 billion yuan with seven-day reverse repos. The PBOC has accelerated its pace of policy easing in order to guide borrowing costs lower and to encourage credit supply, said Yewei Yang, an analyst at Guosheng Securities Co. The move suggests Chinas economic is weak and it will trigger a significant slide in borrowing costs. The cut to policy rates indicates the PBOC is taking easier stance to deal with economic downward pressures which were reflected somewhat in a mixed set of data from China that showed growth slowing (albeit better than expected) and retail sales notably disappointing.