Monday, April 19, 2021
Tags Chinese cross-border payments

Tag: Chinese cross-border payments

Over 1000 Financial Institutions Expected to Join China’s Renminbi Cross-border Payments System by End of 2020

The number of financial institutions that are part of China's Cross-Border Interbank Payment System (CIPS) is expected to breach 1,000 in total by the...

Forex Authority Loosens China’s Cross-border Payments Restrictions for E-commerce

The State Administration of Foreign Exchange (SAFE) has issued a new directive that significantly scales back China's restrictions on cross-border payments operations.

Details Emerge on China’s First Batch of Cross-border Payments Licensees

China is about to unveil its first group of licensed cross-border payments providers following multi-year trials.

Shanghai Unveils Plan to Facilitate Cross-border Renminbi Payments for Tesla’s Gigafactory 3

Shanghai's financial authorities have issued a raft of regulations for facilitating cross-border renminbi settlement in the Lingang free-trade zone, which is home...

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Chinese Central Bank Commits to More Policy Support for Carbon Targets, Warns of Risk Arising from Transition Away from Fossil Fuels

The People's Bank of China (PBOC) has reiterated its commitment to green finance initiatives as part of efforts to satisfy the country's...

Jack Ma Reportedly Being Ousted from Ant Group by Chinese Authorities

Storied Internet entrepreneur Jack Ma is reportedly being forced by Chinese authorities to make a complete withdrawal from his fintech and payments...

Actually Used Foreign Investment in China Rises Nearly 40% in First Quarter, New Foreign Invested Enterprises up 47.8%

China has seen a surge in foreign investment in the first quarter of 2021 compared to the same period in 2020, with...

China’s Q1 GDP Surges 18.3% YoY, Two Year Average Growth Rate at 5.0%

Chinese GDP in the first quarter of 2021 has seen a surge compared to the same period last year, given the low...