
More recent developments

PBoC seeks lessons on dealing with zero interest rates
China’s central bank (PBoC) is learning how to manage ultra-low interest rates. On Thursday, the FT reported that the PBoC has approached at least two European banks this year for advice on reducing the fallout of ultra-low rates on the… Read More »

JD and Ant Group reportedly lobbying for offshore RMB stablecoins
China’s e-commerce giants JD and Ant Group are reportedly lobbying the central bank (PBoC) to greenlight yuan-pegged stablecoins. During recent meetings with PBoC officials, JD reportedly recommended piloting offshore yuan stablecoins in Hong Kong before expanding them to China’s free… Read More »

MIIT holds unprecedented meeting with top solar manufacturers to discuss overcapacity
On Thursday, the industry regulator (MIIT) convened representatives from China’s top solar manufacturing companies to discuss the industry’s overcapacity crisis. Some context: Among China’s overcapacity-stricken industries, solar may be in the most dire condition. Prices have fallen for seven consecutive… Read More »