Chinese economy

China Is said to ban bitcoin exchanges

China plans to ban trading of bitcoin and other virtual currencies on domestic exchanges, dealing another blow to the $150 billion cryptocurrency market after the country outlawed initial coin offerings last week, Bloomberg reports. …

People's Bank of China pumps $14.5 billion into market

The People's Bank of China (PBOC) conducted 95 billion yuan ($14.5 billion) in seven-day reverse repurchase agreements (repo), a process in which central banks purchase securities from banks with an agreement to resell them in the future. …

 Russia and China ready for ruble-yuan swap

Russia's Central Bank has issued a message about successful completion of the testing of a bilateral foreign-exchange swap line 'yuan-ruble' in cooperation with the People's Bank of China. "The central banks of the …