People’s Bank of China

This tag is associated with 3 posts

Regional Impact Of Renminbi Depreciation: ADB Chief Economist Shang-Jin Wei

Posted by ETFalpha ⋅ August 14, 2015 ⋅ 1 Comment

The move by People’s Bank of China’s (PBoC) this week to loosen the renminbi (RMB) exchange rate, inducing a depreciation of the RMB against the US dollar by 3.5% in two days, has sparked intense debate among economists, pundits and policymakers. Does the depreciation show the People’s Republic of China (PRC) is moving against or … Continue reading →

China To Inject $62 Billion In FX Reserves Into Policy Banks To Boost New Silk Road Project, Caixin Says

Posted by EM_Equity ⋅ April 22, 2015 ⋅ 3 Comments

China’s Central Bank, the People’s Bank of China (PBOC), will reportedly inject $62 billion of its foreign exchange reserves into two state-owned policy banks in order to support its New Silk Road project, which is aimed at creating infrastructure in order to boost connectivity between Asia, Europe, the Middle East, and Africa. The PBOC will inject $32 billion to China … Continue reading →

China Overtakes Japan To Become World’s Second Largest Stock Market

Posted by ETFalpha ⋅ November 29, 2014 ⋅ 1 Comment

The capitalization of the Chinese stock market increased 33 percent in 2014 reaching $4.48 trillion, which makes the market second only to the US. Japan’s stock market declined 3.2 percent to $4.46 trillion in 2013, according to Bloomberg analysts. The Chinese market surge came hot on the heels of allowing foreign investors unprecedented access to … Continue reading →