China told its biggest banks to increase the use of the yuan in trade with foreign partners, raising the required ratio to 40 ...

Their shares rose on Monday a day after the plans were announced. Bank of China said it aims to raise up to 165 billion yuan and China Construction Bank plans private placements of up to 105 ...

Citigroup said on Monday it had appointed Wenjie Zhang as its new country officer and banking head for China, after the exit ...

The CEOs of JPMorgan and Bank of America are resisting a demand by US lawmakers to withdraw from underwriting this week’s $4 billion IPO for a China-based Hong Kong electric car battery company ...

China's central bank injects 700 bln yuan of outright reverse repos in May China's central bank has injected 700 billion yuan ($97 billion) into its banking system during May through an outright ...

China will cut the seven-day reverse repurchase rates by 10 basis points to 1.4% from 1.5%, the People's Bank of China Governor Pan Gongsheng said at a press briefing. The central bank will also ...

China’s central bank acted shortly after news that officials from China and the Trump administration will hold their first formal trade talks since the punishing tariffs began. By Daisuke ...

May 22, 2025 Former PBOC deputy governor Liu Guiping to head Bank of China, sources say China will appoint financial veteran Liu Guiping as chairman of Bank of China , the nation's fourth largest ...

(Bloomberg) — China expanded its gold (GC=F) reserves for a sixth straight month in April, underlining its push to boost holdings of the precious metal as prices trade near a record and the ...

according to Bloomberg calculations based on data released by the People’s Bank of China on Wednesday. The median forecast of economists surveyed by Bloomberg was 700 billion yuan.

China’s central bank added gold to its reserves for a fifth straight month in March, deepening its bet on the precious metal as a haven asset amid rising global trade and geopolitical turmoil ...