China’s central bank has reiterated its intention to continue the pilot program for the digital yuan. The CBDC is currently undergoing a pilot program in 17 provinces. The People’s Bank of China will ...
Tag: PBOC
Former PBOC member criticizes China’s ban on crypto
Huang Yiping, a former monetary policy member of the People’s Bank Of China (PBoC), has expressed concerns about China missing out on financial development opportunities following the nation’s ban on ...
PBoC Launches Digital Yuan Smart Contract Functionality on E-Commerce App Meituan
The Chinese central bank has launched smart contract functionality for its digital yuan amid new use cases. China recently launched smart contract functionality on its digital yuan via one of its prom...
Reopening Rolls On, Clean Tech Jumps, Week In Review
China Last Night KraneShares Week in Review Asian equities started 2023 with China outperforming as the country gears up to allow foreign visitors to enter the country quarantine-free starting Sunday....
Former PBoC Official Slams e-CNY as Being Underutilized
The Chinese government designed the e-CNY as a digital payment instrument that can serve as a substitute for the fiat yuan in regular day-to-day activities. Xie Ping, the former Director General of Re...
Chinese Digital Yuan Usage Needed to be Widened, Says Former PBOC Official
Recently a former official of a Chinese financial institution reported to highlight the current situation of the central bank digital currency (CBDC) in the country. He said the ‘digital currency is l...
Hong Kong Rally Enjoys The Silence
Key News Asian equity markets had a good day as Hong Kong outperformed while Mainland China and India were off. The nattering nabobs of negativity are so focused on COVID’s spread in China they ...
Bank Of Japan Bazookas Risk Assets
China Last Night KraneShares Key News Asian equities were poised for a weak day following Monday’s US stock market drop. The weak start went from bad to worse mid-morning as the end of the Bank ...
Meituan Earnings Excel, Week In Review
China Last Night KraneShares Week in Review Asian equities ended a choppy trading week mostly lower on global growth concerns, while China real estate developers outperformed as policy support begins ...
Baidu & Kuaishou Earnings Highlight Cost Efficiency
Kuaishou Earnings Overview Kuaishou reported earnings that came in below analyst estimates, posting a third-quarter loss of RMB -3 billion. Some analysts have lowered their revenue and user growth est...
Ant Group Fine Is Fine, PCAOB Increases Budget
China Last Night KraneShares Key News Asian equities were mixed but mostly higher overnight as Hong Kong underperformed. US Defense Secretary Lloyd Austin met with his Chinese counterpart Wei Fenghe i...
China Equities Lower As Dynamic Zero COVID Is Tested
China Last Night KraneShares Key News Asian equities were mixed overnight as China markets lagged the rest of the continent as an area near Beijing was shut down partially. China’s dynamic COVID polic...
PBOC Governor Says Digital Yuan Will Prioritize Privacy Protection
Yi Gang, the Governor of the People’s Bank of China (PBoC) has reiterated that discussions on its Central Bank Digital Currency (CBDC) dubbed the Digital Yuan (e-CNY) are more centered on the privacy ...
PBoC reveals key detail about its CBDC
The governor of the People’s Bank of China (PBoC), Yi Gang, has revealed new details regarding the country’s CBDC. During the recent Fintech Week held in Hong Kong, the PBoC governor emphasized on the...
PMIs & Real Estate In Focus, Week In Review
China Last Night KraneShares Week in Review Asian equities saw another week of turbulent trading, with growth stocks seeing the brunt of the selling pressure on increasing concerns about global growth...
PBOC Talks Down Renminbi As Hong Kong Shorts Press Their Bets
China Last Night KraneShares Key News Asian equities were mixed, as Japan, Taiwan, and South Korea closed on a positive note while the remainder of the region was off. China and Hong Kong opened highe...
China’s central bank PBOC warns against yuan speculation
The Chinese yuan weakened past the closely-watched 7.2 level against the greenback this week. Getty Images BEIJING — The People’s Bank of China has warned against betting on the yuan, after its ...
Travel Plays Fly On Hong Kong & Macau Reopening, PBOC Pumps Brakes On CNY Depreciation
China Last Night KraneShares Key News Asian equities were off with an emphasis on growth stocks except for Hong Kong, as internet stocks outperformed. Hong Kong finally saw some positive catalysts as ...
PCAOB Arrives In Hong Kong, EU Regulation Sends Solar Stocks Lower
China Last Night KraneShares Key News Asian equities were mixed but mostly lower overnight as uncertainty surrounding US interest rates continues to pervade global markets. Today was a reversal of yes...
Economy Takes Center Stage, Prompting The PBOC To Take Action
China Last Night KraneShares Key News Asian equities were mixed overnight as India was closed for Independence Day and South Korea was closed for Liberation Day. Mainland China and Hong Kong both boun...
PBoC announces increase in test sites 1
The digital yuan has been a topic that has grown increasingly interesting over the years. Since its research, the Peoples Bank of China has devoted much devotion and work to ensure that a launch happe...
JD And Alibaba Lead Internet Rally, PBOC Accepts Ant’s Financial Holding Company Application, Week In Review
China Last Night KraneShares Week in Review Hong Kong and Mainland China were the only markets in Asia with positive performance for the week. Southbound Stock Connect volumes were elevated on Monday ...
PBOC & State Council Lift Internet And Consumption Plays
China Last Night KraneShares Key News Asian equities were largely higher. Mainland China was off, and Australia returned from yesterday’s holiday off -2.08% as commodity prices retreated. Two key piec...
Markets Wait For PBOC, Internet Stocks Play Catch Up
China Last Night KraneShares Key News There was a strong storm in NYC last night. The wind howled like a hurricane, waking me up several times. My patchy sleep was similar to Asian markets, which were...
PBOC Cuts RRR After Stronger Than Expected Economic Data Release
China Last Night KraneShares Key News Asian equity markets were largely lower led by Japan, India, Taiwan, and South Korea while Hong Kong and Australia remained on holiday. The PBOC cut the bank rese...
Mainland China Stock Market Falls, PBoC Leaves Interest Rates Unchanged
Mainland China stock market felt the impact of a renewed Covid outbreak in the region, while the central bank refrained from cutting interest rates. Mainland China stock market, as well as stocks in m...
China inflation makes it harder for PBOC to cut interest rates US Fed
Transportation fuel prices rose by 24.1% in China in March 2022 from a year ago, the largest increase within the country’s consumer price index. Vcg | Visual China Group | Getty Images BEIJING —...
JD’s Founder Steps Back As Fed Fears Weigh On Sentiment
China Last Night KraneShares Key News Asian equity markets followed the US market’s southward trajectory overnight, following the Fed confirming rising rates and balance sheet contraction. If one were...
PBOC survey shows more want to save, than spend or invest
While mainland China faced its worst wave of Covid-19 since the initial shock of the pandemic, a central bank survey found more Chinese wanted to save money than spend or invest it. Costfoto | Future ...