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China news — October 21, 2026

Publications tagged with China published on October 21, 2026 (UTC). This is a fixed calendar-day archive.

4 publications

  1. WorldMiddle EastNorth AmericaChina

    EU Maintains Energy Sanctions on Russia Until War Ends

    European Commission President Ursula von der Leyen reiterated that the EU will not lift sanctions against Russia, particularly those related to energy, until the conflict in Ukraine is fully resolved. She emphasized that Russia is not a reliable energy supplier, citing its use of energy dependence as a weapon. The EU regrets the US-Russia agreement to temporarily lift sanctions on Russian diesel.
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  3. WorldAsiaChina

    Moldovan Leu Exchange Rates for October 20 & 21

    The Moldovan Leu experienced slight depreciation against both the Euro and the US Dollar on October 20 and 21, according to the National Bank of Moldova (NBM). On October 20, the Leu lost half a bani to the Euro and seven ban to the Dollar, with the official exchange rates set at 20.1053 lei/Euro and 17.9224 lei/Dollar. The following day, the Leu weakened further, losing two ban to the Euro and three and a half ban to the Dollar, with the official exchange rates set at 20.1260 lei/Euro and 17.9568 lei/Dollar.
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  4. WorldMiddle EastChinaLogistics

    PBOC to Switch Main Open Market Operation Maturity to Overnight, Reform Lending Rate Pricing Mechanisms

    Pan Gongsheng, governor of the People's Bank of China (PBOC), announced at the 2026 Financial Street Forum Annual Conference that the central bank will study and switch the maturity of its main open market operations from the current 7-day reverse repo to overnight, making the overnight reverse repo rate the new policy rate. This move aims to enhance the precision of interest rate control. Additionally, Pan revealed plans to reform lending rate pricing mechanisms by diversifying the pricing bases beyond the current Loan Prime Rate (LPR). The PBOC will also introduce various measures to support financial stability and innovation, including a liquidity support tool for large non-bank institutions, expanded standing lending facilities, and guidelines for financial support to build international tech innovation centers in Beijing (Jing-Jin-Ji). Furthermore, the PBOC plans to pilot allowing eight onshore and offshore RMB clearing banks to conduct proprietary trading in the domestic interbank foreign exchange market.
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