Tuesday, December 1, 2020
Tags Chinese foreign exchange

Tag: Chinese foreign exchange

Economy

China’s Forex Authority Unveils Measures to Support Foreign Trade and Investment

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The State Administration of Foreign Exchange (SAFE) has announced the launch of new measures to support forex operations involving foreign trade and...
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Banking

PBOC and SAFE Commit to Keeping China’s Forex Market, Renminbi Exchange Rate Stable

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The Chinese central bank and China's top foreign exchange authority have publicly committed to maintaining the stability of forex markets and the...
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Banking

Funds Outstanding for Foreign Exchange Fall 57.1B Yuan in November

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Data from the Chinese central bank points to a decelerating decline in funds outstanding for foreign exchange in November. Funds outstanding for foreign exchange stood...
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Economy

PBOC Launches 20% Reserve Requirement for Forex Settlement to Quell Unsteady Yuan

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The Chinese central bank has announced that banks will need to maintain reserves equal to 20% of the foreign exchange forward positions of their...
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Most Read

China Eclipses US as Leading Overseas Market for Asia-Pacific Companies: HSBC Survey

Economy CBNEditor - 0
A survey from HSBC indicates that China has edged out the US as the biggest foreign market for firms located in the...
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Strategist Advises Investors to Raise Chinese Portfolio Allocations to 20% in Preparation for “New World Order”

Economy CBNEditor - 0
A Singapore-based investment strategist recommends lifting Chinese assets to around 20% of portfolios during the course of the 2020's, in order to...
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State-owned Bond Defaulter Owes USD$5.1 Billion to Chinese and Foreign Creditors

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A state-owned automaker who defaulted on a 1 billion yuan bond in October owes many billions more to multiple creditors in China...
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Meituan Posts 364.6% Profit Growth in Third Quarter of 2020

Economy CBNEditor - 0
Online shopping giant Meituan-Dianping has posted a strong performance in the third quarter of 2020 as China's economy continues to convalesce from...
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