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China Foreign Exchange Reserves
A foreign asset held or managed by a country's central bank is referred to as the Foreign Exchange Reserves. Usually, gold or a specific currency is used as a reserve asset. Treasury bills, government bonds, corporate bonds, and shares, as well as foreign currency loans can be also special drawing rights and marketable securities denominated in foreign currencies.
A higher than expected figure should be seen as positive (bullish) for the CNY while a lower than expected figure should be seen as negative (bearish) for the CNY.
News (CNY)
China Services Activity Logs Softest Growth In 9 Months
China's services activity expanded at the slowest pace in nine months in June on falling export business, survey data from S&P Global showed on Thursday. The Caixin services Purchasing Managers' Index registered 50.6 in June, down from 51.1 in May. The score has remained above the 50.0 threshold for the thirtieth consecutive month and the reading signaled the softest rise since last September.
RTTNews | 5 days ago
China Manufacturing Activity Returns To Growth
China's manufacturing sector returned to growth in June on higher new orders and a renewed rise in production, survey data from S&P Global showed on Tuesday. The Caixin manufacturing Purchasing Managers' Index rose to 50.4 in June from 48.3 in May. A reading above 50.0 indicates expansion. The survey showed that the growth was driven by a renewed expansion in manufacturing output.
RTTNews | 7 days ago
China Holds Loan Prime Rates As Expected
The People's Bank of China left its benchmark interest rate unchanged on Friday after reducing it last month. The central bank maintained its one-year loan prime rate at 3.0 percent. Likewise, the five-year LPR, the benchmark for mortgage rates, was retained at 3.50 percent.
RTTNews | 18 days ago
