Tag: BANK OF CHINA LTD-H

Onshore Yuan (CNY USD) Falls to Four-Month Low After Key Level Breached

Onshore Yuan (CNY USD) Falls to Four-Month Low After Key Level Breached

China’s tentative loosening of its vise-like grip on the yuan unleashed a slide in the currency and pulled down its Asian peers along the way.The onsh [...]
China Told Some Brokers to Cut Back Proprietary FX Trading

China Told Some Brokers to Cut Back Proprietary FX Trading

China told some brokerage firms to reduce proprietary trading in the foreign-exchange market, according to people with knowledge of the matter, markin [...]
China Tries to Support Weak Yuan (CNY USD) With Forex Reserve Ratio Cut

China Tries to Support Weak Yuan (CNY USD) With Forex Reserve Ratio Cut

China reduced the amount of foreign currency deposits banks are required to hold as reserves for the first time this year, in a more visible step to p [...]
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