Investor Alert

Market Pulse Archives

Feb. 17, 2017, 9:14 a.m. EST

PBOC steps up efforts to increase financial stability

Watchlist Relevance

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Chinese Yuan (USDCNY)

or Cancel Already have a watchlist? Log In

By Joseph Adinolfi


The People's Bank of China said Friday that it would crack down on financial crimes like money laundering, tax evasion and terrorist financing. Over the past month, the central bank has stepped up monitoring of several prominent bitcoin exchanges to try and prevent Chinese citizens from using digital currencies to circumvent the country's stringent capital controls. The central bank also warned that it sees asset bubbles forming in certain markets and that it will increasingly monitor the country's financial markets for abnormal moves. Chinese stocks finished lower on Friday, with the Shanghai Composite Index down 0.9% at 3,202 and the Shenzen A Share index fell 0.7% to 24,033.74. The dollar /quotes/zigman/15931689/realtime/sampled USDCNY -0.0544% strengthened 0.2% to 6.87 yuan.

US : Tullett Prebon
-0.0035 -0.0544%
Volume: 0.0000
June 17, 2018 9:50p

Get news alerts on Chinese Yuan — or create your own.
This Story has 0 Comments
Be the first to comment
More News In

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.