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CNH/JPY News
Breaking: China's GDP Expands 5.3% YoY in Q1 2024 Vs. 5.0% Expected
China’s economy expanded 5.3% over the year in the first quarter of 2024, as against a 5.2%% growth in the final quarter of 2023, the official data released by the National Bureau of Statistics (NBS) showed on Tuesday.
China's New RMB Loans Hit 9.5 Trillion Yuan in Q1
China issued 9.46 trillion yuan of renminbi-denominated loans in the first quarter of 2024, according to data from the People's Bank of China on Friday. In 2023, China's first-quarter new yuan loans h
China Central Bank Keeps Key Policy Rates Steady
China's central bank kept key policy rates steady on Monday, suggesting that benchmark loan rates could remain on hold later this month. The People's Bank of China kept the one-year medium-term lendi
Economy on Stable Footing, Experts Say
China's economy has started 2024 on a stable footing, indicating a sustained trajectory of robust recovery throughout the year, despite pressures and challenges both at home and abroad, officials and analysts said on Thursday.
National Bureau of Statistics: PPI fell 2.8% year on year in March, down 0.1% month on month
In March 2024, the ex-factory prices of industrial producers across the country fell 2.8% year on year and 0.1% month on month.
Chinese Retail Sector Expands for 12th Straight Month, Survey Says
China's retail sector expanded for the 12th consecutive month in April, with the Chinese Retail Performance Index at 50.4%, Xinhua News Agency reported Sunday, citing a survey by the China General Chamber of Commerce.
China Forex Reserves Edge Higher, New Tech Lending Program Announced
Country's foreign-exchange reserves edged up in March, while the People's Bank of China announced a new relending program to sponsor tech development. The country's foreign-exchange reserves rose $19
China's Service Economy Expands Further, Caixin PMI Shows
A private gauge of China's services activities edged deeper into expansionary territory for a 15th straight month in March.
China's Services Sector Extends Growth in March
China's services purchasing managers index or PMI rose to 53 in March, up 1.6 percentage points from the prior month, according to data published by China's National Bureau of Statistics on Sunday.
Major Currencies Could Stick to Recent Trading Ranges as Rate Cuts Coincide -- Market Talk
Major currencies could continue to stick within recent ranges as central banks look set to cut interest rates roughly in tandem, says Mark Haefele, chief invetment officer in UBS Global Wealth Management in a note.
Yuan Weakens, Dragged by PBOC's Markedly Lower CNY Fixing -- Market Talk
The yuan weakens against the dollar in onshore and offshore markets after the People's Bank of China lowered the daily CNY fixing by the most since early February earlier in the Asian session.
March LPR released! The 1-year and 5-year terms are all on hold. Is there still room for interest rate cuts during the year?
3.45% for 1 year, 3.95% for 5 years or more
Morgan Stanley on The "Great Unwind:" Global Central Bank Balance Sheets
The bank laid out in a note where the balance sheets are now and where they are going.
China's CPI Inflation Rises by 0.7% YoY in February Vs. 0.3% Expected
China’s inflation, as measured by the Consumer Price Index (CPI), rose by 0.7% YoY in February from a 0.8% decline in January. The market consensus was for a rise of 0.3%.
PBOC Governor Pan: There Is Still Room for Cutting RRR
People’s Bank of China (PBOC) Governor Pan Gongsheng said on Wednesday that “there is still room for cutting RRR.”
China to Remain Key Engine for Global Growth
China's economic recovery is poised to be further consolidated and strengthened, Liu added.
China Reports Current Account Surplus in 2023
China's current account surplus amounted to $264.2 billion in 2023, the country's foreign exchange regulator said on Sunday.
Economy of World Set to Grow 2.9%, Says OECD
The global economy will expand by 2.9 percent in 2024, according to the Paris-based Organization for Economic Cooperation and Development, or OECD.
China's Central Bank Injects 140 Billion Yuan in Short-Term Liquidity
The People's Bank of China has injected a total of 140 billion yuan in short-term liquidity into the banking system on Friday and Sunday to "maintain stable liquidity before the Spring Festival." On F
Chen Maobo: Discussions are ongoing with the Mainland to speed up the listing of approved companies in Hong Kong
Chen Maobo said that capital flows will not be one-sided; the most important thing is to make good use of Hong Kong's unique advantages. Currently, discussions are being held with mainland regulators to speed up the listing of enterprises in Hong Kong.