News

For decades, the U.S. dollar reigned supreme as the world’s anchor currency. But cracks are widening, and China is no longer ...
The People’s Bank of China (PBOC) said in a statement on Tuesday that it will increase support for the real economy.
An important point to be noted here is that China’s currency, the renminbi, remains tightly pegged to the dollar, causing it ...
Residents from Hong Kong and the mainland will soon be able to use a new fast payment tool to conduct cross-border ...
European Central Bank president Christine Lagarde has said there are “opportunities” for the euro to play a greater ...
At a finance forum in Shanghai, the head of China's central bank, Pan Gongsheng, pledged to expand the reach of the digital ...
The leader of China’s central bank made a clear though indirect critique of the dollar’s role as the world’s main currency.
China will set up an “international operations centre” for the digital yuan to boost the global influence of the renminbi, People’s Bank of China Governor Pan Gongsheng announced at the ...
The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.1656 as compared ...