Sunday, November 29, 2020
Tags Chinese forex

Tag: Chinese forex

Economy

PBOC Reduces Foreign Exchange Risk Reserves Ratio from 20% to Zero for Forward Sales and Settlement

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The Chinese central bank has completely removed its foreign risk reserves requirement for forward foreign exchange sales and settlement in response to...
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Economy

China’s Foreign Reserves Rise for the Fifth Consecutive Month in August to Four Year High

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Official data indicates that China's foreign reserves continued to post gains in the month of August.
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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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Economy

China’s Foreign Reserves Post Dip in September

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China's foreign reserves edged lower last month, as a rise in US bond yields led to declines in the pricing of key sovereign debt. Official...
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Banking

“Don’t Exaggerate Impact of Sino-US Trade War on Chinese Economy:” BOC Analyst

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A leading Chinese analyst is downplaying the potential impacts of escalating trade tensions between China and the United States. Wang Youxin (王有鑫), a researcher from...
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Economy

China’s Balance of Payments Stable in Second Quarter: Forex Regulator

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China's State Administration of Foreign Exchange (SAFE) said that preliminary data indicates the country's balance of payments remained stable in the second quarter of...
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Economy

China’s Foreign Reserves Post Second Consecutive Month of Decline in May

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China's foreign reserves saw a modest drop in May for the second consecutive month of decline. Data released by the Chinese central bank on 7...
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Most Read

Bank of Chengdu Launches New “Cloud Converted” Data Centre, Provides AI Customer Service in Sichuanese Dialect

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Sichuanese province lender Bank of Chengdu has announced the launch of a new "cloud converted" data centre."
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Bank of Communications Completes First Offshore Issuance of Perpetual Bond by a Chinese Bank

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Big state-owned lender Bank of Communications (BOCOM) has become the first Chinese bank to issue perpetual bonds offshore.
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Liu He Sheds Light on China’s Dual Circulation Development Strategy

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One of China's senior-most economic policymakers has written an essay for the People's Daily that sheds light on the goals and priorities...
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International Forecasters Upbeat on Chinese GDP Growth in 2020, 2021

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Leading international forecasters anticipate comparatively robust growth for the Chinese economy in 2020 amidst the impacts of the COVID-19 pandemic.
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