PBOC said in a statement it would launch a 1.2 trillion yuan reverse repurchase operation on Monday to maintain "reasonable and abundant liquidity" in the banking system.
BEIJING: China does not recognize Bitcoin and other digital currencies as legitimate forms of payment, the central bank governor, Zhou Xiaochuan, said on Friday. “We do not currently recognize Bitcoin and other digital currencies as a tool like paper money, coins and credit cards for retail payments,” Zhou told reporters on the sidelines of the annual parliament session. “The banking system does not accept it.” Read More: China looks to completely block cryptocurrency trading China has taken a string of steps in…
BEIJING: China welcomed backing from International Monetary Fund (IMF) experts that the yuan should be included in its reserve currencies, saying the move would strengthen the world's financial system.
BEIJING:China's central bank governor and its market regulator have admitted that there were "bubbles" on the country's stock exchanges, after a spectacular rally was followed by a painful bust, but said the turbulence was coming to an end.