Industrial and Commercial Bank of China
2 stories
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financeChina's Banks Restrict Gold Trading After Price Whipsaw
After a 12% gold price surge and crash in January 2026, major Chinese banks suspended new gold accounts and raised margin requirements. The PBOC continues to accumulate reserves, while tokenized alternatives like PAXG attract investors.
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financeChina Accelerates Yuan Internationalization with Direct Offshore Transactions
China's PBOC allows six banks to trade offshore yuan directly from the mainland, enhancing international financial connectivity.