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China's central bank, setting monetary policy and interest rates, regulating banks, and overseeing the digital yuan (e-CNY) and cross-border payment platforms.
China's central bank published a paper on Thursday denying that it weakens the yuan to boost exports, as EU trade talks begin. By ruling out the exchange rate as the problem, Beijing leaves Brussels with its overcapacity charge and the trade restrictions that come with it.
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Chainalysis counts $104.1 billion of self-custodied stablecoin transfers in China in the year to June 2026, with holdings turning over 33.2 times. At that speed a coin changes hands about every 11 days, against 39 days globally, the pace of a business's operating cash.
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Christopher Hui gave Hong Kong lawmakers an offshore-yuan agenda led by PBoC swap talks while the city's two licensed stablecoin issuers lack a trading venue. Both issue Hong Kong-dollar coins, and the licensing bill for virtual-asset trading is promised only for later this year.
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Norges Bank wants government bonds cut from 70 percent to 50 percent of its bond benchmark, roughly $80 billion of Treasuries by one estimate, and the buyer stepping in behind it holds paper for a spread it can close in a quarter.
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SAMA says it finished the proof of concept it joined to run and stopped there. The platform it left has cleared more than $55bn, a 2,500-fold rise that works back to roughly $22m of traffic in 2022.
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The People's Bank of China has now left its benchmark lending rates alone through 16 monthly fixings, and its governor is presenting weaker loan growth as the economy's normal state. Demand forecasts built on a coming cut need another input.
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Regulators from Singapore and China met for a fourth time in Nanning and agreed to widen their taxonomy work from green activities to transition ones. A transition-labelled panda bond needs that piece before an offshore green mandate can buy it.
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Crypto Briefing reports that SAFE branches in China's coastal export provinces are calling banks to lift client hedging toward 40%, with the national ratio at about 35.3% after the PBOC made forward contracts cheaper in March.
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Ping An, Bank of Shanghai and Bank of Hangzhou join a list that has gone from 10 to 30 in a year. Beijing is buying distribution it could not win on product.
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The September roadmap Berlin and Paris ordered in July leans on a 25 to 30% yuan revaluation, which works out to roughly €13bn of deficit closure per percentage point, and which the People's Bank of China alone can grant.
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The August 17 approval of eight more operators roughly triples the digital yuan's distribution network this year. Connectivity is no longer the constraint; adoption is.
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