Tag: #PBOC
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China wants centralised digital currency
China is set to introduce its own digital currency after Bitcoin crackdown
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Central bank drains 100 bln yuan from market
Beijing, Sep 26 (Xinhua/APP):China’s central bank drained 100 billion yuan (about 14.1 billion U.S. dollars) from the financial system on Thursday, with more reverse repos maturing than conducted. The People’s Bank of China (PBOC) injected a total of 20 billion yuan into the market through 14-day reverse repos at the interest rate of 2.7 percent,…