HKMA, PBOC Back New Trading Platform to Bolster Hong Kong FIC Markets

The post PBOC sets USD/CNY reference rate at 6.8036 vs. 6.8077 previous appeared on BitcoinEthereumNews.com. The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Thursday at 6.8036 compared to the previous day’s fix of 6.8077 and 6.7978 Reuters estimate. PBOC FAQs The primary monetary policy objectives of the People’s Bank of China (PBoC) are to safeguard price stability, including exchange rate stability, and promote economic growth. China’s central bank also aims to implement financial reforms, such as opening and developing the financial market. The PBoC is owned by the state of the People’s Republic of China (PRC), so it is not considered an autonomous institution. The Chinese Communist Party (CCP) Committee Secretary, nominated by the Chairman of the State Council, has a key influence on the PBoC’s management and direction, not the governor. However, Mr. Pan Gongsheng currently holds both of these posts. Unlike the Western economies, the

The post China: Growth support constrained – TD Securities appeared on BitcoinEthereumNews.com. TD Securities’ Senior Asia Economist Alex Loo argues that China’s fiscal stance is turning austere as local governments prioritize debt clean-up over growth. The report expects only limited fiscal support in H2 2026 unless GDP drops towards 4.0–4.2%, with policy likely focused on faster infrastructure execution, modest PBoC easing and continued Ministry of Finance conservatism. Stimulus hopes face fiscal constraints “We examine China’s fiscal balance and conclude that local officials are focusing on debt clean-up instead of boosting economic growth. Fiscal policy is unlikely to deliver major H2 support unless GDP growth in 2026 slips towards 4.0-4.2% (vs our forecast of 4.6%).” “Policy support is likely to come through faster infrastructure execution, not major new stimulus. A weak Q2 GDP print next week in the low-4% range will spark speculation of new stimulus from authorities.” “The likel

The post Colombia Crypto Market Faces Stricter Bank Checks After SFC Update appeared on BitcoinEthereumNews.com. Colombia’s SARLAFT update increases checks on digital asset transactions for banks. Banks review crypto-linked transfers more closely under updated SFC compliance tools. P2P crypto traders face more scrutiny when using local bank transfers and records. Colombia is strengthening financial risk oversight after the Superintendencia Financiera de Colombia updated its SARLAFT supervisory tools. The updated module is aimed at supervised entities and may increase compliance scrutiny around transactions linked to digital asset platforms. The SFC said the update applies to supervised financial entities. It is aimed at compliance officers, risk managers, and officials handling money laundering and terrorist financing controls. Colombia Crypto Transfers Face Tighter Checks The agency said the tools are also available to public entities, private firms, citizens, and other interested par

The post 6.8000: Chinese Yuan looks contained despite PBoC push to make Hong Kong main offshore hub appeared on BitcoinEthereumNews.com. The offshore Chinese Yuan (CNH) is capturing market attention following a sweeping set of structural measures announced by the People’s Bank of China (PBoC) to cement Hong Kong’s status as a global offshore hub for the Yuan.  While the central bank is proactively injecting deep liquidity via expanded business facilities and investment quotas, its broader monetary policy remains anchored in a supportive yet cautious holding pattern. This long-term push toward internationalization contrasts with a highly contained short-term technical background, where the USD/CNH pair remains firmly locked within a strictly defined trading band. USD/CNH daily chart. Source: FXStreet. Expanded liquidity facilities boost Hong Kong’s offshore yuan architecture Macro analysts at BNY highlight that the Chinese central bank has significantly upgraded cross-boundary financial

The post PBOC sets USD/CNY reference rate at 6.8077 vs. 6.8054 previous appeared on BitcoinEthereumNews.com. On Wednesday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.8077 compared to the previous day’s fix of 6.8054 and 6.8018 Reuters estimate. PBOC FAQs The primary monetary policy objectives of the People’s Bank of China (PBoC) are to safeguard price stability, including exchange rate stability, and promote economic growth. China’s central bank also aims to implement financial reforms, such as opening and developing the financial market. The PBoC is owned by the state of the People’s Republic of China (PRC), so it is not considered an autonomous institution. The Chinese Communist Party (CCP) Committee Secretary, nominated by the Chairman of the State Council, has a key influence on the PBoC’s management and direction, not the governor. However, Mr. Pan Gongsheng currently holds both of these posts. Unlike the Western economies, t

The post Chinese Yuan: PBoC strengthens Hong Kong hub and links – BNY appeared on BitcoinEthereumNews.com. BNY’s Geoff Yu reports that the People’s Bank of China (PBoC) expanded the Renminbi (RMB) Business Facility and Southbound Bond Connect quotas, boosting Hong Kong’s role as the main offshore yuan hub. The central bank will support more yuan-priced commodities, enhance Gold clearing, and allocate more reserves to Hong Kong, while Governor Pan Gongsheng pledges a supportive stance without signaling imminent rate or RRR cuts. Liquidity boost for offshore RMB market “The PBoC has announced new measures to deepen Hong Kong’s role as the main offshore yuan hub and to widen mainland-Hong Kong financial links.” “The RMB Business Facility will be expanded to ¥500bn, giving Hong Kong banks greater access to yuan liquidity, while the annual Southbound Bond Connect quota will rise to ¥800bn from ¥500bn.” “The central bank also said it will support more yuan-priced commodity products, advance

The post Gold: Price dip seen limited as PBoC buying continues – Commerzbank appeared on BitcoinEthereumNews.com. Commerzbank’s Carsten Fritsch notes Gold fell to USD 4,120 per ounce after fresh Iranian attacks lifted TTF gas and Oil prices, but Fed rate expectations remain unchanged. He argues downside is limited, as the People’s Bank of China has bought Gold for 20 straight months, recently accelerating purchases and adding 33 tons over the last three months on the lower price environment. Chinese demand cushions recent weakness “The price of gold fell to USD 4,120 per troy ounce this morning following Iranian attacks on two cargo ships and an LNG tanker in the Strait of Hormuz. As a result, the TTF natural gas price rose significantly, and oil prices also edged up slightly, fueling inflation concerns.” “However, there was no change in Fed rate hike expectations. The market continues to anticipate interest rate hikes by the Fed of around 30 basis points by the end of the year. As a r

The expanded yuan investment channels may enhance China's global financial influence while limiting decentralized finance's growth in the region. The post People’s Bank of China expands investment channels with Hong Kong to promote yuan use appeared first on Crypto Briefing.