According to The Kobeissi Letter, China is considering allowing yuan-backed stablecoins for the first time, characterizing it as a major policy shift and providing no linked regulatory document or implementation timeline in the post (source: The Kobeissi Letter, Twitter, Aug 20, 2025, https://twitter.com/KobeissiLetter/status/1958135144717398512). Crypto-related activities in China have been progressively restricted since the 2013 Notice on Preventing Bitcoin Risks by the People’s Bank of China and other agencies, tightened by the 2017 Announcement on Preventing the Financing Risks of Token Issuance by seven regulators, and reinforced by the 2021 Notice on Further Preventing and Disposing of the Risk of Virtual Currency Trading Hype by the People’s Bank of China (sources: PBOC 2013 notice; joint regulators’ 2017 announcement; PBOC 2021 notice). The post does not specify scope, issuer permissions, convertibility, or compliance requirements, all of which are critical for trading and liquidity assessment, and remains unconfirmed by an official regulator at the time of the tweet (source: The Kobeissi Letter, Twitter, Aug 20, 2025, https://twitter.com/KobeissiLetter/status/1958135144717398512).

According to Forex Analyst @FXStreet, the GBP/CNY pair is showing signs of a potential breakout as it approaches key resistance levels. Traders should monitor the 9.00 psychological barrier, as a sustained move above this level could indicate further bullish momentum. Recent data from the People's Bank of China (PBoC) suggests stabilization efforts that may impact this currency pair's volatility. Additionally, the UK's latest economic indicators, including the CPI and GDP growth rates, are pivotal in assessing future movements. Analysts suggest keeping an eye on geopolitical factors and central bank policies that could further influence trading strategies.