Browsing: People’s Bank of China

– China kept its benchmark lending rates steady in September, holding the one-year loan prime rate at 3.0%. The over-five-year LPR stayed at 3.5%, based on the official September 20 fixing. Many lenders reference the longer-term rate when setting mortgage

– UnionPay International (UPI), the global payment network, has announced a massive expansion of its digital footprint in Egypt through a strategic partnership with Paymob, the leading financial services enabler in the MENA region. The collaboration has officially enabled over

China’s foreign exchange reserves fell 0.75% in June, official data showed, as valuation changes linked to currencies and asset prices reduced the reported dollar value of reserve holdings. The State Administration of Foreign Exchange said reserves stood at $3.4163 trillion

BEIJING: China’s foreign exchange reserves fell to $3.3421 trillion at the end of March, official data showed on April 7, as a stronger U.S. dollar and weaker prices for major global financial assets weighed on the value of the country’s

BEIJING: China’s central bank has added 12 banks to the roster of institutions authorized to operate the digital yuan, widening the reach of the e-CNY and lifting the total number of approved operators to 22. The People’s Bank of China

NEW YORK: China, Poland, Türkiye and India recorded the largest net increases in official gold reserves from 2020 through 2025, according to World Gold Council figures compiled from official reporting. The multi year changes, measured in metric tonnes, place China

NEW YORK: Gold traded back above the $5,000 an ounce level this week, with spot prices around $5,078 as a softer U.S. dollar coincided with renewed demand for the metal. The move followed sharp swings since late January, when gold

BEIJING: China has outlined a renewed push to expand the global role of the renminbi, also known as the yuan, alongside new measures aimed at strengthening cross-border settlement channels and building financial infrastructure in Shanghai. In an essay published by

BEIJING, December 23, 2025: China kept its benchmark lending rates unchanged on Monday, maintaining the one-year and five-year loan prime rates at current levels as the country continues to manage credit conditions within a stable policy framework. The National Interbank