PBoC briefing on 1H financial data starts in Beijing

PBoC briefing on 1H financial data starts in Beijing

Beijing, July 02, 2025 — The People’s Bank of China (PBOC) is set to release its first-half (1H) financial data briefing today, with investors and financial professionals eagerly anticipating the insights into China’s economic performance. This comes amidst a backdrop of robust export data and strategic interventions from the PBOC, which have bolstered the Chinese yuan.

The Chinese yuan climbed to a one-week high against the US dollar, reaching 7.1606 per dollar, supported by strong export figures and strategic rate settings by the PBOC [1]. This move exceeded expectations by 253 pips, indicating a push for a stronger currency. The temporary tariff truce with the US has provided a supportive environment, although market responses have been muted despite threats of additional tariffs on Mexican and European imports by August 1.

Analysts at HSBC expect continued support for the yuan, provided US-China relations remain stable. The offshore yuan has shown a slight increase, reflecting steady investor confidence. As trade tensions continue, markets will be keen to see if China’s momentum can counter potential disruptions.

The PBOC’s 1H financial data briefing will provide a clearer picture of China’s economic landscape. Despite challenges from ongoing trade tensions, the Chinese government aims to maintain economic stability through a strong currency strategy. Global markets will be attentive to how these dynamics affect broader economic policies and global trade frameworks.

References:
[1] https://finimize.com/content/chinese-yuan-strengthens-on-export-data-and-pboc-moves