The People’s Bank of China (PBOC), the country’s central bank, sets the daily midpoint for the yuan (also known as renminbi or RMB). Operating under a managed floating exchange rate system, the PBOC allows the yuan’s value to fluctuate within a 2% band around this central reference rate, known as the “midpoint.”

The previous closing midpoint was 7.0546.

On the liquidity front, the PBOC injected 130.9 billion yuan through 7-day reverse repos at an unchanged interest rate of 1.40%.

In other recent developments, China has announced plans to issue ultra-long-term bonds aimed at funding strategic priorities. Meanwhile, China Vanke has failed to secure a delay on a $284 million bond payment, receiving only a five-day grace period.

Forex traders should also note that a busy economic calendar lies ahead for Asia on Monday, 15 December 2025, with key updates expected from the Reserve Bank of Australia (RBA), the Bank of Japan’s Tankan survey, and important Chinese economic data.

Original Source: Eamonn Sheridan of investinglive.com