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Thursday, November 26, 2020
Tags Foreign reserves

Tag: Foreign reserves

China’s Foreign Reserves Hit USD$3.05tn As Financial Liberalisation Takes Effect

China's foreign reserves rose for the fourth consecutive month in May to hit USD$3.045 trillion as of the end of the month, with the authorities crediting...

Foreign Reserves Climb for Third Consecutive Month

China's foreign reserves have risen for the third consecutive month, with Chinese officials hailing a stabilisation in cross-border capital flows. Data released by the People's Bank...

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Structured Deposits of Chinese Banks See Record Drop of over 1 Trillion Yuan in October

Structured deposits at Chinese banks have posted a record monthly drop for 2020 in October after rising to unprecedented levels earlier in...

Ningbo Launches Trials of Blockchain-driven Insurance Claims System

The Zhejiang-province port city of Ningbo has kicked off trials for the use of blockchain technology to automate the processing of insurance...

PBOC Steps up Pressure on Chinese Payments Platforms with Doubling of Penalty Amounts

The Chinese central bank has heightened its scrutiny of the payments sector with a sharp increase in the value of penalties imposed...

China Construction Bank Withdraws from Digital Bond Issuance Due to “Over-excitement” in Cryptocurrency Circles

One of China's big six state-owned banks has withdrawn from plans to issue digital bonds in collaboration with a digital assets exchange...