Sunday, November 29, 2020
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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Bank of Chengdu Launches New “Cloud Converted” Data Centre, Provides AI Customer Service in Sichuanese Dialect

Sichuanese province lender Bank of Chengdu has announced the launch of a new "cloud converted" data centre."

Bank of Communications Completes First Offshore Issuance of Perpetual Bond by a Chinese Bank

Big state-owned lender Bank of Communications (BOCOM) has become the first Chinese bank to issue perpetual bonds offshore.

Liu He Sheds Light on China’s Dual Circulation Development Strategy

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...

International Forecasters Upbeat on Chinese GDP Growth in 2020, 2021

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