PBOC's governor Zhou Xiaochuan has stated to his international counterparts that the "increasing flexibility" of the country's exchange rate will be "further improved" along with market-oriented interest rate policy.
Read moreReuters latest Asian currency survey reveals that bullishness in the Chinese yuan hit a near seven-month high, while sentiment on most emerging Asian currencies slightly deteriorated in the last two weeks on global economic risks, a Reuters poll showed on Thursday. Sentiment on the yuan turned the most optimistic since late January, as investors piled…
Read moreThe removal of forex deposit rate caps represents a step towards liberalization of interest rates and will increase hopes for raising the cap on yuan deposits in coming months. It would pay some of the highest rates for savers in the world, but also increase borrowing costs.
Read moreIn China's foreign exchange spot market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.
Read moreChina to launch deposit insurance in Q1 as PBOC issues rules for deposit certificates trading Over the weekend Chinese magazine Caixun Century Weekly was cited by Marketwatch to publish information regarding the new steps that Chinese authorities are taking to liberalize deposit rates, which will ultimately lead to Renminbi convertibility. According to unnamed sources in the…
Read moreLast time we saw CNY market liberalization retail volumes out of China picked up more than 30% Just as London morning trading was kicking off the People’s Bank of China (PBOC) has surprised the markets with a release of a book written by the PBOC Governor Zhou for the third Plenum, which explained in more…
Read moreMore volatility in Yuan to attract more Chinese FX traders.
Read moreMore volatility in Yuan to attract more Chinese FX traders.
Read more