Tuesday, March 2, 2021
Tags Chinese forex

Tag: Chinese forex

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

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

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

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

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...

China’s Foreign Reserves Post Dip in September

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...

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

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...

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

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...

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

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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Over 20 Chinese Provinces Include Blockchain Development Goals in 2021 Government Work Reports

China's regional authorities have flagged their commitment to the development of their local blockchain sectors with mention of the technology appearing in...

China Bans Regional Banks from Accepting Cross-border Deposits

The Chinese central bank has prohibited regional banks from accepting deposits from cities where they do not have physical branches, in a...

Shenzhen’s State-owned Assets Authority Grabs 23% Stake in Suning.com

The state-owned assets authority of the Shenzhen municipal government has just acquired a sizeable stake in Shenzhen-listed retail giant Suning.com (苏宁易购) via...

Chinese Mobile Internet Users Hit 986 Million

The latest official data indicates that the number of people in China who access the Internet via their mobile phones is fast...