Chinese central bank

Latest news and articles about Chinese central bank from NEX English

Chinese Central Bank Continues Gold Purchases Amid Iran War Price Pressures

The Chinese central bank announced an increase in its gold reserves in March, reflecting ongoing support for precious metals despite price pressures from the ongoing war in Iran. This move comes at a time when gold prices face significant challenges.

Chinese Central Bank Approves 12 New Banks for Digital Yuan

The People's Bank of China has approved 12 new banks to operate the digital yuan, aiming to enhance the use of the digital currency in financial transactions. This decision is part of China's efforts to expand the digital yuan's reach and strengthen its position in the global financial system.