PBoC relaxes cross-border interbank financing rules to promote offshore RMB liquidity

On Thursday, the central banks of China and Indonesia officially launched the Local Currency Transaction (LCT) framework, a major upgrade to the Local Currency Settlement (LCS) scheme introduced in 2020. ICYDK: Under the old mechanism, the two countries allowed direct… Read More »

On Tuesday, Qiushi, the Party’s flagship journal, published excerpts of Xi Jinping's remarks at the July meeting of the Central Commission for Financial and Economic Affairs (CCFEA) – the Party’s top economic policymaking body. Some context: Xi used the meeting… Read More »

Beijing is about to establish minimum private investor participation requirements for major projects, such as in rail, nuclear power, and oil and gas pipeline development. The move, approved at Friday's State Council executive meeting, is one of a handful of… Read More »