People's Bank of China

Latest news and articles about People's Bank of China from NEX English

China Increases Gold Reserves Despite Price Decline

The People's Bank of China has continued to bolster its gold reserves for the seventeenth consecutive month, overlooking a significant 12% drop in gold prices, marking the worst monthly performance since 2008. This move raises questions about China's strategic intentions amid market volatility.

Chinese Central Bank Adds 12 Banks to Digital Yuan Operations

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