China’s central bank expanded its gold reserves for a seventh straight month in May, furthering its bid to diversify holdings ...

The PBoC is China's central bank and is responsible for the development of the e-CNY central bank digital currency, or CBDC. During Wednesday’s press conference, Zou praised the success of the ...

The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Friday at 7.1845 as compared ...

For the last few years, China’s central bank has been trying to ramp up the adoption of digital yuan, or e-CNY, which forms part of the country’s monetary base, M0. The bank has a designated ...

China's 10-year bond ... as it will increase CNY depreciation pressure now and SVB-style financial risk in the future," Hu said, referring to the major U.S. bank failure in 2023 that was largely ...

No other major economic power had started as early (2014) or pushed the design of a central bank digital ... suspected China would use this massive global event to debut its e-CNY to attendees ...

Also, the Chinese central bank set CNY fixing 37 pips weaker today to guide gradual CNY depreciation following USD’s rebound, the director of FX Strategy adds. USD/CNY is 0.2% higher at 7.3276 ...

The CBDC, or e-CNY, was created by the PBoC, China's central bank. The goal of China's e-CNY system development is to provide a digital yuan that satisfies the public's need for money in the era ...