PBOC to set up US$71 billion swap facility to prop up stock market
The PBOC plans to set up a swap facility that would give financial institutions access to at least US$71 billion in funding ...
China Moves to Jolt Ailing Economy
China’s central bank announced an unusually broad package that signals growing unease in Beijing after a run of downbeat ...
Alibaba: PBOC's Massive Chinese Stimulus Package Has A Solid Winner
Alibaba is well-positioned to benefit from PBOC's recent monetary measures due to its strong share buyback program and ...
NBC Los Angeles1d
China 10-year bond yield hits record low after PBOC signals more easing
China bond yields fell to a record low after the People’s Bank of China announced that it will cut the reserve requirement ...
PBOC sets USD/CNY reference rate at 7.0202 vs. 7.0510 previous
The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Wednesday at 7.0202, as compared to the previous day's fix of 7.0510 and 7.0212 Reuters estimates.
The PBOC Has Unveiled A Monetary Policy Easing Package In A Bid To Support Growth
A rate cut, a RRR cut, and further property market measures will support efforts to reach this year’s growth target.
Hang Seng and Mainland Stocks Soar on PBoC Stimulus, ASX 200 Declines
PBoC’s policy moves boost Hang Seng and Mainland stocks, while a stable yen supports gains in Japan’s Nikkei 225.
Metal57m
PBoC Introduced "Policy Package", Copper Prices Reached Two-Month High Overnight [SMM Copper Morning Comment]
Overnight, LME copper opened at $9,749.5/mt, initially dipping to $9,724/mt, then climbing steadily to a high of $9,825/mt near the close, finally settling at $9,821/mt, up 2.92%.