PBOC sets Yuan midpoint weaker for 10th day in a row

FXStreet (Mumbai) - On Friday, the Chinese central bank, PBOC, sets USD/CNY midpoint at 6.4814 compared to 6.4757 previous close, the highest levels since June 2011.

Meanwhile, China Shanghai Composite index opens down 0.14% at 3574.94.

Dec 18, 2015

Yuan internalization - one of the main developments in 2015, PBOC’s Yi

In a latest PBOC report, the central bank’s Vice Governor Yi Gang noted that interest-rate deregulation, internationalization of the yuan and asset liquidity were the three main People's Bank of China developments in 2015.

Key events and Xmas greetings - Raboabnk

Analysts at Rabobank explained that today we saw China’s housing prices, where major cities recorded m-o-m and y-o-y rises (part of the New Normal, of course – not that this has been a base for sustainable recovery anywhere else).