The People’s Bank of China said on Tuesday it will raise the foreign exchange deposit reserve ratio for local institutions to 6% from 4%, starting November 15. The hike is aimed at strengthening foreign exchange liquidity management by local institutions, the PBOC said in a statement. The FX deposi»»»

BEIJING, Nov. 3 (Xinhua) -- China's central bank said on Tuesday it has signed a bilateral currency swap agreement with the Central Bank of Oman. The value of the agreement signed on Monday is 30 billion yuan (about 4.47 billion U.S. dollars), or 1.5 billion Omani rials, said the People's Bank of C»»»

BEIJING - China is raising the amount of foreign currency that financial institutions must hold as reserves, in one of the strongest moves to slow the pace of a long rally in the yuan, setting the currency on course for its sharpest one-day drop in six months. The People’s Bank of China (PBOC) said»»»