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The onshore yuan closed at 6.7956 against the US dollar at 16:30 on July 7, down 31 points from the previous trading day.
2026-07-07
The onshore yuan closed at 6.7956 against the US dollar at 16:30 on July 7, down 31 points from the previous trading day.
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2026-07-06
Germany will borrow €800 bln to fund a historic military rearmament.
Germany will borrow €800 bln to fund a historic military rearmament.
2026-07-07
PBOC'S PAN said the central bank will coordinate with the Hong Kong government and financial regulators on four priority areas to reinforce Hong Kong's international financial center role. The PBOC will support the launch of offshore CNY sovereign bo
PBOC'S PAN said the central bank will coordinate with the Hong Kong government and financial regulators on four priority areas to reinforce Hong Kong's international financial center role. The PBOC will support the launch of offshore CNY sovereign bond futures — a five‑year CNY government bond futures contract is due to list shortly — to enhance offshore risk management. It will back development of a comprehensive financial trading platform, directing the China Foreign Exchange Trade System (CFETS) to work with the HKMA and SFC to support upgrading Bond Connect Co. into a trading‑platform operator to provide trading infrastructure for bond, money and FX markets. The PBOC also plans to expand use of RMB bonds as eligible collateral offshore and to continue promoting a diversified Hong Kong financial market and its asset- and wealth-management functions.
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