Shanghai to accelerate offshore finance buildout

China’s central bank (PBoC) is strengthening its influence over overnight lending rates, paving the way to a shakeup in how it guides the economy. The details: On June 17, the PBoC said the rate on overnight interbank collateralized lending (known… Read More »

China’s central bank (PBoC) is making RMB bonds easier to convert into cash. On June 17, PBoC governor Pan Gongsheng unveiled a new repo facility that lets foreign institutions – including central banks and sovereign wealth funds – borrow RMB… Read More »

Regulators have just issued a three-year action plan to promote energy conservation and emissions reduction across China’s industrial base. The plan – issued by five central government agencies on June 15 – targets nine industries that are together responsible for… Read More »