News list for "RMB adjustment"

China Merchants Bank cuts RMB deposit rates

On May 20, China Merchants Bank cut the RMB deposit interest rate on May 20, of which the demand interest rate was reduced by 5 basis points to 0.05%; the regular deposit and withdrawal three-month, half-year, one-year and two-year periods were reduced by 15 basis points, respectively 0.65%, 0.85%, 0.95% and 1.05%; the regular deposit and withdrawal three-year and five-year periods were reduced by 25 basis points, to 1.25% and 1.3% respectively. The three terms of regular zero deposit and withdr...

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2025-05-19 21:31:51
ICBC cuts RMB deposit rate by up to 25 basis points

On May 20, the Industrial and Commercial Bank of China cut the RMB deposit interest rate on May 20, of which the demand interest rate was reduced by 5 basis points to 0.05%; the fixed deposit and take-up of three months, half-year, one-year and two-year periods were reduced by 15 basis points, respectively 0.65%, 0.85%, 0.95% and 1.05%; the three-year and five-year periods were reduced by 25 basis points, respectively to 1.25% and 1.3%. The three terms of regular zero deposit and take-up, whole ...

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2025-05-19 23:55:40
Bank of China cuts RMB deposit rates

On May 20, the Bank of China cut the RMB deposit interest rate on May 20, of which the demand interest rate was reduced by 5 basis points to 0.05%; the fixed deposit and take-up three-month, half-year, one-year and two-year periods were reduced by 15 basis points, respectively 0.65%, 0.85%, 0.95% and 1.05%; the three-year and five-year periods were reduced by 25 basis points, respectively to 1.25% and 1.3%. The three terms of regular zero deposit and take-up, whole deposit and take-up, and depos...

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2025-05-20 00:12:56

7x24 Newsflash

22:11 2025-06-16
Trump: We are ensuring that Iran does not possess nuclear weapons
President Trump: We are ensuring that Iran does not possess nuclear weapons.
22:02 2025-06-16
The US Senate will hold a final vote on the stablecoin bill GENIUS, causing controversy over the Trump family's crypto connections
The US Senate will hold a final vote on Tuesday on the GENIUS Act, which requires stablecoins to be fully backed by current assets such as the US dollar and prohibits non-financial companies such as Meta and Amazon from issuing stablecoins. The bill, which had previously raised concerns about the Trump family's crypto project, now includes provisions restricting the participation of government officials in the issuance. Although the Trump family's business is not directly covered by the bill, th...
21:50 2025-06-16
Trump: Would consider traveling to the Middle East
US President Trump: (on Iran) Either sign a deal or something happens. Would consider going to the Middle East.
21:47 2025-06-16
Trump: The United States will suspend sanctions against Russia
On the 16th local time, US President Trump said that the United States will suspend the imposition of sanctions on Russia in order to reach an agreement. Russian Foreign Ministry spokeswoman Zakharova said on the 16th that at the suggestion of the United States, a new round of bilateral consultations between Russia and the United States aimed at removing "irritants" in relations between the two countries and normalizing the activities of the diplomatic missions of the two countries has been canc...
21:47 2025-06-16
Trump intends to throw out "last chance" plan to Iran, adhere to the red line of zero uranium enrichment
According to the Jerusalem Post, US and European officials revealed on Monday that US President Donald Trump is expected to present Iran with a "last chance" plan. One official added that the new plan could be a slight improvement over the version presented to Iran ten days ago. But even if the new plan is proposed, it is expected to still be based on the US principle of "zero uranium enrichment". According to media reports on Sunday, Iran has sought mediation with the Trump administration throu...
21:47 2025-06-16
Market News: Alarm Rings Across Israel
Market News: Alarm sounds throughout Israel.
21:38 2025-06-16
Coinbase CEO meets with UK policymakers to discuss bitcoin and cryptocurrencies
The CEO of Coinbase is meeting with British policymakers in London to discuss bitcoin and cryptocurrencies.
21:38 2025-06-16
The offshore yuan rose 72 points against the dollar from last Friday's New York trade
The offshore yuan (CNH) was trading at 7.1820 yuan against the U.S. dollar, up 72 points from the end of last Friday's New York trading, and the overall trading was in the 7.1904-7.1781 yuan range during the day.
21:17 2025-06-16
Trump: Signed documents to complete trade deal with the UK
President Trump of the United States has signed the document to complete the trade agreement with the United Kingdom.
21:17 2025-06-16
The dollar index fell 0.19% on the 16th.
The dollar index fell 0.19% on the 16th to close at 97.998 in the end of the foreign exchange market.
20:43 2025-06-16
21 countries, including Egypt and Jordan, issued a joint statement condemning Israel's attack on Iran
On the evening of the 16th local time, the foreign ministers of 21 Arab and Islamic countries, including Egypt, Jordan, the United Arab Emirates, Pakistan, Bahrain, Turkey, Algeria, Saudi Arabia, Sudan, Iraq, Oman, Qatar and Kuwait, issued a joint statement condemning Israel's attack on Iran for escalating tensions in the Middle East. The statement stressed that "against the backdrop of increasing tensions in the Middle East, Israel must cease hostilities against Iran and work to ease tensions, ...
20:04 2025-06-16
Bank of America: "Cracks" in foreign demand for US Treasuries
Central banks have been selling Treasuries since March, according to Bank of America, in a sign that they are diversifying their holdings of US dollar assets. In the week to June 11, the holdings of Treasuries held by central banks and other official institutions at the Federal Reserve Bank of New York fell by an average of $17 billion, extending the decline since the end of March to $48 billion. In addition, foreign holdings of the Federal Reserve's reverse repurchase agreement instrument have ...