Tuesday, March 9, 2021
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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PBOC Calls for Stricter Regulation of China’s Wholesale Finance Markets

A senior official from the Chinese central bank has highlighted the need for greater regulation of wholesale transactions on China's financial markets....

Chinese Central Bank Calls for Exploring Digital Renminbi’s Cross-border Payments Potential in Greater Bay Area

A senior official from the People's Bank of China (PBOC) who is also a delegate to the National People's Congress (NPC) has...

Chinese Finance Will Focus on Tech Innovation, Green Development, Small Business in 2021: Li Keqiang

Chinese Premier Li Keqiang has highlighted key focal areas for finance policy during the 2021 Government Work report delivered at the opening...

Does China’s Digital Renminbi Pose “Biggest Risk” to Bitcoin Market?

Despite barring domestic Bitcoin trading over three years ago, analysts say China could still have an adverse effect on the global market...