The Latest Breaking News from People Bank of China

September S&P 500 futures (ESU23) are down -0.08%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.06% this morning after three major U.S. benchmark indices closed higher on Thursday as economic data provided more evidence that inflationary pressures were subsiding, while market participants braced for earnings from big U.S.…

September S&P 500 futures (ESU23) are up +0.05%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.07% this morning after three major U.S. benchmark indices closed higher on Thursday as economic data provided more evidence that inflationary pressures were subsiding, while market participants braced for earnings from big U.S.…

President Xi Jinping said tough challenges remain in China’s fight against COVID-19 and urged patience, after weeks of silence on a virus policy pivot that’s infected hundreds of millions and delivered a severe blow to economic activity.

The 25 basis-point reduction, effective Dec. 5, follows a cut of the same magnitude in April, and will free up around $70 billion of cash for lending

China's central bank chief Yi Gang is likely to step down after he was dropped from an elite body of the ruling Communist Party, with a former central banker a leading contender to succeed him, sources close to the central bank said.

Over 2,000 delegates to a twice-a-decade congress of China's ruling Communist Party in Beijing elected a new 205-person Central Committee on Saturday that will set the course of Chinese policymaking for the next five years.

Jack Yao, a Chinese Communist Party member, never wanted to be an activist.

China’s central bank has asked major state-owned banks to be prepared to sell dollars for the local unit in offshore markets as it steps up efforts to stem the descent of the yuan, four sources with knowledge of the matter said.

Authorities say some customers will start getting their money back after angry crowd in Henan was broken up by heavy-handed security guards