Tuesday, December 1, 2020
Tags Chinese foreign exchange

Tag: Chinese foreign exchange

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

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

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

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

Funds Outstanding for Foreign Exchange Fall 57.1B Yuan in November

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...

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

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

A survey from HSBC indicates that China has edged out the US as the biggest foreign market for firms located in the...

Strategist Advises Investors to Raise Chinese Portfolio Allocations to 20% in Preparation for “New World Order”

A Singapore-based investment strategist recommends lifting Chinese assets to around 20% of portfolios during the course of the 2020's, in order to...

State-owned Bond Defaulter Owes USD$5.1 Billion to Chinese and Foreign Creditors

A state-owned automaker who defaulted on a 1 billion yuan bond in October owes many billions more to multiple creditors in China...

Meituan Posts 364.6% Profit Growth in Third Quarter of 2020

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