Saturday, January 16, 2021
Tags Chinese capital account opening

Tag: Chinese capital account opening

China Loosens Capital Account Restrictions for Renminbi Revenue Usage

The Chinese central government has announced the loosening of key capital account restrictions, alongside new measures to facilitate cross-border renminbi transactions.

Central Banker Calls for China to Capitalise on COVID-19 to Drive Capital Account Opening, Renminbi Internationalisation

One of China's senior-most political and banking figures has called for China to take advantage of the opportunities presented by the COVID-19...

Shanghai Will Continue to Open Capital Account: Chinese Central Bank

A senior official from the People's Bank of China (PBOC) has flagged further opening of the capital account the Chinese financial hub...

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China’s Biggest Bank Opens up to Applications for Digital Renminbi Wallets in Shenzhen

The Industrial and Commercial Bank of China (ICBC) is making digital renminbi wallets available to consumers in the southern tech hub of...

Chinese Central Bank Outlines Efforts to Improve Execution of Monetary Policy

A senior official from the People's Bank of China (PBOC) has published a paper on its official website outlining current plans to...

Foreign Investors Raise Holdings on China’s Interbank Bond Market by over 1 Trillion Yuan in 2020

The latest data from the Chinese central bank points to a sharp rise in investment by foreign institutional investors on China's interbank...

Shenzhen Finance Sector Sees Total Deposits Exceed 10 Trillion Yuan

Financial institutions based in Shenzhen have just seen their deposit levels rise to record-breaking levels.