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5 Jan 2023

PBOC sets USD/CNY reference rate at 6.8926 vs. 6.9131 previous

On Thursday, the People’s Bank of China (PBOC) set the USD/CNY central rate at 6.8926 versus Wednesday’s fix of 6.9131 and market expectations of 6.8955.

Jan 5, 2023

PBOC expected to increase targeted lending – Securities Daily

Citing experts, the Securities Daily reported on Thursday, the People’s Bank of China (PBOC) is expected to expand Pledged Supplementary Lending (PSL)

PBOC: Will ramp up financial support to shore up economic recovery in 2023

“China will implement its prudent monetary policy in a targeted and efficient manner, and will ramp up financial support to domestic supply and demand