PBOC


Markets

China's Central Bank Halts Bond Purchases to Support Yuan, BTC Holds Under $95K

The PBOC on Friday suspended bond purchases to stall the slide in bond yields and CNY

China. (Excellentcc/Pixabay)

Markets

Attention Bitcoin Bulls, China Stimulus May Have Lost Its Mojo

According to BCA Research, generating large bullish "credit impulses" is now a tough task for China.

16:9 Crop: Shanghai, China (Li Yang / Unsplash)

Markets

Bitcoin More Linked With U.S. Fed, Traders Say, as China Lands Stimulus

People’s Bank of China governor Pan Gongsheng announced a range of measures to stimulate the economy.

(Coindesk Indices)

Markets

China's Currency Woes to Weigh on Bitcoin: Crypto Observer

Measures taken by the People's Bank of China to cushion yuan against the stock market slide could weigh over bitcoin's price.

16:9 Crop: Shanghai, China (Li Yang / Unsplash)

Markets

Bitcoin Holds Steady as China Rate Cut Fails to Encourage Risk Taking

The risk-off mood is probably the market's way of telling China that rate cuts of 10 basis points are not enough to spur the slowing economy.

(Pixabay)

Markets

Bitcoin Drops $2K as China Declares Cryptocurrency-Related Business Illegal

Bitcoin erased Thursday’s 3% gain as PBOC stepped up its crackdown on crypto

Bitcoin's daily chart (TradingView)

Markets

Crypto Trading Isn't Protected by Law, Shandong Province High Court Says

The ruling contradicts that of a court in Shanghai last week.

Shandong province capital, Jinan.

Markets

35 Chinese Banks Add Digital Yuan to Apps as Lenders Prepare for Adoption: Report

Another 94 banks plan to access the CBDC via a clearing platform.

Customers at a coffee shop in Beijing can use the digital yuan to pay.

Markets

Shenzhen PBoC Launches Crypto Trading 'Clean-Up': Report

China's central bank vowed earlier in August to keep high pressure on crypto trading.

People's Bank of China

Markets

Honor Releases First Snapdragon Smartphone With Digital Yuan Wallet

The PBoC has been pushing for hardware applications of the digital yuan.

People's Bank of China

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