The Chinese Ministry of Human Resources announced on Tuesday that Lu Lei has been appointed as the Deputy Governor of the People's Bank of China (PBOC).
Lu, who served as Deputy Director of the State Administration of Foreign Exchange, will replace Liu Guoqiang, who has been removed from...
The People's Bank of China (PBoC) vowed on Friday that it will strengthen the supervision to "curb speculation" in the foreign exchange market. Besides, the institution vowed it will intensify "the mechanisms" to maintain its basic stability.
"China's foreign exchange market stable and healthy...
Deputy Governor of People's Bank of China, Chen Yulu (pictured), announced on Friday that Alibaba’s Ant Group has set up a working group in order to improve its business operation.
According to Chen, the company will "maintain business continuity and normal business operation, thus ensuring the...
The People's Bank of China (PBOC) on Wednesday set raised its official guidance rate for the yuan to a near three-month high. The midpoint rate was set at 7.0080 per dollar prior to the market's open indicating strong profits in spot trading a day earlier thanks to progress in talks for a partial trade...
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