China's central bank, the People's Bank of China (PBOC), has renewed a bilateral currency swap agreement with the Bank of Canada, the central bank of Canada.
The value of the swap is 200 billion yuan (about 28.5 billion U.S. dollars), the PBOC said in a statement on Friday.
The agreement is valid for five years and can be renewed upon mutual consent, as per the statement.
The renewal of the currency swap agreement will help enhance financial cooperation between the two countries, expand the use of local currencies between China and Canada, facilitate bilateral trade and investment, and maintain financial stability.
China, Canada renew currency swap agreement
China, Canada renew currency swap agreement
China Global Television Network (CGTN) has launched an 'All Things Horses' challenge event to celebrate the upcoming Chinese zodiac Year of the Horse, inviting people across the globe to showcase their artistic talents with horse-themed creations and join the celebration of culture and creativity.
Participants can sketch their dream horses, write out "horse" in their own language, or craft any horse-inspired creation, and share their unique take on the horse by using #AllThingsHorses and tagging @CGTN.
The Chinese New Year, or the Spring Festival, falls on February 17, 2026, marking the beginning of the Year of the Horse. It is one of the most important traditional festivals in Chinese culture, with core customs such as celebrating family reunions, wishing for good fortune and creating traditional crafts.
CGTN launches horse-themed creation challenge to celebrate upcoming Spring Festival
