Central bank deputy governor Pan Gongsheng said that as China’s economy recovers and the interest rate differential with the US stabilises, the yuan’s role as a safe-haven asset will become more prominent. Source linkRead More »
Is China stockpiling gold, dumping US dollars amid asset diversification drive?
China increased its gold reserves for the first time since September 2019 in November, with increased purchases expected amid Beijing’s diversification efforts and international financial market volatility. Source linkRead More »
China takes aim at ‘scattered’ financial stability rules with new draft law
China’s central bank said in a draft law released on Wednesday that the existing legal framework to mitigate financial risks is disorganised and ‘lacks overall design’. Source linkRead More »