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: 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: People’s Bank of China Governor Zhou Xiaochuan said he would like to see Group of 20 officials continue to seek greater consensus on trade when national leaders meet this year.
EghtesadOnline: Beijing needs to stem capital outflows and manage expectations when market jitters risk putting falls in China's yuan into a potentially destructive feedback loop, a senior Chinese central bank researcher said.
EghtesadOnline: China’s central bank has given more signals about its evolving monetary policy stance, flagging continued use of liquidity tools rather than further cuts to interest rates or the percentage of deposits banks must hold as reserves.