EghtesadOnline: China’s central bank said on Monday it had set up a unit to track domestic and international financial risks and help guide and stabilize market expectations.
EghtesadOnline: China’s financial system is becoming significantly more vulnerable due to high leverage, according to central bank governor Zhou Xiaochuan, who has made a series of blunt warnings in recent weeks about debt levels in the world’s second-largest economy.
EghtesadOnline: Bitcoin tumbled the most since July after China’s central bank said initial coin offerings are illegal and asked all related fundraising activity to be halted immediately, issuing the strongest regulatory challenge so far to the burgeoning market for digital token sales.
EghtesadOnline: The capacity of China’s central bank to surprise markets is so great that, last week, it left investors chewing over whether a data error was a policy signal.
EghtesadOnline: China’s central bank said it will step up coordinated oversight of systemically important financial institutions, another step toward defusing risk before a gathering of the country’s top leaders later this year.
EghtesadOnline: The onshore yuan rose for the sixth day in a row, the longest run of gains since 2015, boosted by a stronger central bank fixing and data showing China’s economy held up in the second quarter.
EghtesadOnline: China's central bank will take on a beefed up role managing systemic risk in the country's financial markets, state broadcaster China Central Television said on Saturday, citing President Xi Jinping.
EghtesadOnline: China’s central bank raised interest rates for standing lending facility loans, aimed mainly at small- and medium-sized financial institutions, it announced Saturday.
EghtesadOnline: Trading volumes at China's three largest bitcoin exchanges have plummeted after the central bank put the virtual currency market under sharper scrutiny a month ago in a move that coincided with official efforts to stem capital outflows.
EghtesadOnline: The head of a major bitcoin exchange in China says few people there use the cryptocurrency to get around rules on how much money they can take out of the country, and despite a publicized meeting with the central bank last week the exchange, BTCC, hasn't been told explicitly to check capital outflows.