People’s Bank of China (PBOC)
China slashes interest rates
China has taken further action to stimulate its economy, with the central bank cutting its one-year lending rate by 108 basis points to 5.58% and the deposit rate by the same amount to 2.52%.
China bans pricing in offshore NDF market
Chinese officials have banned local banks from quoting prices in the offshore non-deliverable forwards (NDF) market in an effort to boost trading onshore, according to analysts.
China allows RMB interest rate swaps
The People’s Bank of China (PBOC) has issued new regulations allowing banks to conduct renminbi-denominated interest rate swap transactions on a trial basis. The move is the latest in a series of measures by the central bank to liberalise the RMB…
PBOC gives OTC foreign exchange trading go-ahead
The People's Bank of China (PBOC) has opened up the country's spot FX market to over-the-counter trades, and authorised the China Foreign Exchange Trading System (CFETS) to determine the daily central parity rate for the RMB against foreign currencies.
PBOC further liberalises China’s derivatives market
The People’s Bank of China (PBOC) has issued new regulations allowing banks to trade renminbi forwards and cross-currency swaps in the interbank foreign exchange market. Under the new rules, non-bank companies such as insurance firms and asset managers…
China relaxes RMB derivatives market
The People’s Bank of China (PBOC) has issued new regulations allowing banks to offer renminbi (RMB) cross-currency swaps for the first time. The regulations also make it possible for more banks, including foreign banks, to get approval to offer RMB…
China in its hand
As Industrial Commercial Bank of China receives a $15 billion bailout from the government, the challenges in attracting foreign investment and strengthening the sector become ever more apparent. James Ockenden talks to the China Banking Regulatory…
CSFB gets OK for derivatives in China
The China Banking Regulatory Commission (CBRC) authorised Credit Suisse First Boston (CSFB) to launch a financial derivatives business in China last week, reports RiskNews’ sister publication, FX Week .
Chinese derivatives regulations expected soon, say bankers
The Chinese central bank is expected to publish new regulations within the next few months aimed at easing tough restrictions in the country's derivatives market, say bankers.
China opens forex market
A flurry of overseas banks have received approval from the People’s Bank of China (PBOC) to conduct foreign currency business with Chinese corporate and individual customers – the first tangible deregulation of the financial market since China’s signing…