China expanded its support for the beleaguered yuan with a plan to issue a record amount of bills in the Hong Kong market to add demand for the currency overseas.

The People’s Bank of China will issue central bank bills in Hong Kong next week, a tool that is typically used to stabilize the yuan’s exchange rate in the offshore market.

The People's Bank of China will issue central bank bills worth 60 billion yuan ($8.18 billion) in Hong Kong on Jan 15, which ...

China is set to slash pay for staff at its top three financial regulators, including the central bank, by about half, as part ...

China's central bank chief said on Monday the government will support moderately loose monetary policy to maintain ample ...

People’s Bank of China governor Pan Gongsheng said during a 20-minute speech at the annual Asian Financial Forum in Hong Kong. Beijing could also adjust and increase fiscal spending, he said.

Hong Kong and Mainland China bounced around ... Ministry of Natural Resources, and the People's Bank of China (PBOC), China's central bank. Leaders will discuss “the relevant situation of ...

HSBC and Bank of China (Hong Kong) trimmed their prime lending rates by a quarter percentage point, leading the first rate cut among Hong Kong lenders since 2019. 19 Sep 2024 - 12:41PM Banking ...

Offshore RMB activities experienced a setback, however, after the People’s Bank of China changed the way it set the central parity rate in August 2015. RMB deposits in Hong Kong fell from 1.0 ...