people’s bank of china

People's Bank of China

Dow Erases Early Gains as China Responds to Liquidity Crunch

The Dow followed Chinese equities higher Monday after the People’s Bank of China announced a fresh liquidity boost to shore up the financial system. The gains quickly evaporated as Boeing, American Express and Goldman Sachs tumbled.

PBOC China ICO Ban Cryptocurrency

China’s Central Bank Bans all ICOs

China’s central bank has announced an immediate blanket ban on all initial coin offering (ICO) funding, deeming it to be an illegal practice of fundraising.