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BEIJING, Sept. 28 (Xinhua) -- China's central bank has pledged to step up support for the real economy amid efforts to further lower lending rates and financing costs via reform.
BEIJING, Sept. 25 (Xinhua) -- The People's Bank of China (PBOC), the country's central bank, said on Friday that it welcomes FTSE Russell's announcement to include Chinese bonds in its World Government Bond Index (WGBI).
SINGAPORE: Counting on China as an anchor of strength has been a good tactic for traders of Asia’s emerging currencies. That link is losing traction as recovery paths from the coronavirus pandemic diverge.
SHANGHAI: China needs to become the first nation to issue a digital currency in its push to internationalise the yuan and reduce its dependence on the global dollar payment system, a commentary published by the country's central bank said.
INFLATION is in focus during this relative light week for economic data. The Statistics Department is expected to announce the August consumer price index (CPI) on Wednesday.
BEIJING: China will accelerate the opening up of its capital markets and deepen reforms to attract more foreign investors, according to China securities regulatory commission vice chairman Fang Xinghai.
CHINA has a key window of opportunity to advance its pursuit of yuan internationalisation as global investors are seeking stability amid volatility in markets caused by the Covid-19 pandemic.