Tuesday, April 13, 2021
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Tag: Forex

Forex Regulator Permits Cash Settlement of Forwards Contracts

China's State Administration of Foreign Exchange has announced that it will permit the cash as well as physical settlement of foreign exchange forwards as...

Central Bank Advisor Defends China’s Forex Management After Congressional Attack

A senior advisor to the People's Bank of China has defended its forex management practices following heavy censure from a member of the Chinese...

People’s Bank of China Cancels 20% Forex Risk Reserve Ratio for Forward Settlement

The central bank has announced that starting from 11 September a 20% reserve requirement will no longer be imposed upon the domestic deposits of...

Offshore RMB Rises to 9 Month High Against the Greenback

A languishing greenback has helped to push the offshore exchange rate for the Chinese yuan to a nine month high. On 1 August offshore RMB...

Forex Settlement Deficit of Chinese Banks Drops 46% in First Half of 2017

The latest data from China's State Administration of Foreign Exchange indicates that Chinese banks saw a major diminution in their foreign exchange settlement deficit...

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Ex-PBOC Deputy Governor Warns of “Biden’s Overheating” and “Sword of Inflation” After Unveiling of USD$1.9T Stimulus Package

One of China's leading economists has warned of the major risk implications of the mammoth USD$1.9 trillion stimulus package unveiled by the...

JD Technology Expected to Join Ant Group in Adoption of Financial Holding Company Form

The tech subsidiary of e-commerce giant JD.com reportedly plans to launch a financial holding company amidst a push from Chinese authorities for...

Paypal Founder Peter Thiel Worries Bitcoin Could Be Financial Weapon for China Despite Domestic Ban

One of America's leading tech entrepreneurs believes that China could use the Bitcoin cryptocurrency as a "financial weapon" against the US should...

Chinese Central Bank Reportedly Orders Lenders to Keep 2021 Credit Growth on Par with Last Year

The People's Bank of China (PBOC) has reportedly issued an order for leading banking sector financial institutions to scale back credit growth...