Great Wall Motor launches production in Brazil as Chinese automakers scale up local capacity

China’s central bank (PBoC) is strengthening its influence over overnight lending rates, paving the way to a shakeup in how it guides the economy. The details: On June 17, the PBoC said the rate on overnight interbank collateralized lending (known… Read More »

Authorities are kickstarting a new round of reforms in Shanghai to internationalize the RMB. On June 17, the central bank (PBoC), the Shanghai government, and four other central agencies released an action plan to develop offshore finance in Shanghai. TL;DR:… Read More »

China’s central bank (PBoC) is making RMB bonds easier to convert into cash. On June 17, PBoC governor Pan Gongsheng unveiled a new repo facility that lets foreign institutions – including central banks and sovereign wealth funds – borrow RMB… Read More »