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    China’s yuan hits 16-month low despite firmer guidance

    China’s yuan hits 16-month low despite firmer guidance

    06 Jan 2025

    China’s yuan hit a fresh 16-month low against the dollar on Monday, weighed by trade concerns and falling yields and defying the central bank’s persistently stronger guidance and assurances...

    China’s yuan briefly hits weakest against dollar since Nov 2023

    China’s yuan briefly hits weakest against dollar since Nov 2023

    05 Jan 2025

    China’s yuan hit a 14-month nadir on the first trading day of 2025, but it quickly bounced from lows of 7.31 per dollar, which traders say could reflect authorities’...

    Chinese bank issues over 200b yuan in road project support loans in first 8 months

    Chinese bank issues over 200b yuan in road project support loans in first 8 months

    06 Oct 2024

    China Development Bank (CDB) issued 216.2 billion yuan (about US$31 billion) in loans for road projects across the country in the first eight months of 2024, as it continued to...

    China’s central bank conducts $19.95 billion via reverse repos Friday

    China’s central bank conducts $19.95 billion via reverse repos Friday

    06 Sep 2024

    China’s central bank conducted 141.5 billion yuan (about US$19.95 billion) of seven-day reverse repos at an interest rate of 1.7 percent Friday. Xinhua News Agency quoted the People’s Bank of...

    China new loans hit 15-year low in July, more policy steps expected

    China new loans hit 15-year low in July, more policy steps expected

    13 Aug 2024

    China’s bank lending tumbled more than expected in July, hitting the lowest in nearly 15 years, dragged down by tepid credit demand and seasonal factors and raising expectations that the...

    PetroChina’s 2023 net income up 8.3% on strong fuel and gas sales

    PetroChina’s 2023 net income up 8.3% on strong fuel and gas sales

    25 Mar 2024

    PetroChina’s net profit rose 8.3 per cent last year off record levels in 2022, as strong growth in natural gas sales and its marketing segment offset lower realised oil prices....

    China forex reserves up to record $3.238 trillion in December: CB

    China forex reserves up to record $3.238 trillion in December: CB

    07 Jan 2024

    China’s foreign exchange reserves rose in December, official data showed on Sunday, as the dollar fell against other major currencies. The country’s foreign exchange reserves - the world’s largest -...

    China July new bank loans down, credit growth weakens further

    China July new bank loans down, credit growth weakens further

    11 Aug 2023

    China’s new bank loans tumbled in July from a month earlier and other key credit gauges also weakened, even after policymakers cut interest rates and promised to roll out more...

    China’s yuan posts biggest weekly loss in 3 months

    China’s yuan posts biggest weekly loss in 3 months

    19 May 2023

    China’s yuan eked out a small gain on Friday after authorities attempted to slow its recent slide, but still posted its biggest weekly loss in three months, pressured by a...

    China new bank loans jump to record $720.2 billion in January

    China new bank loans jump to record $720.2 billion in January

    11 Feb 2023

    New bank loans in China jumped more than expected to a record 4.9 trillion yuan ($720.2 billion) in January as the central bank looks to kickstart a recovery in the...

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