Tuesday, October 20, 2020
Tags Forex

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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Chinese GDP Growth Rises to 0.7% in Third Quarter

China's GDP growth for the first three quarters of 2020 has entered positive territory despite the initial economic impacts of the COVID-19...

Huang Jianhui Calls for Creation of “Aircraft Carrier Fleet” of Chinese Banks and Enterprises for Expansion into Overseas markets

A leading Chinese economist has called for the country's banks and enterprises to join together in a concerted effort to expand their...

Loan Prime Rate Remains Unchanged for Sixth Consecutive Month in October

Chi­na’s loan prime rate (LPR) for October has re­mained un­changed for the sixth consecutive month.  The...

Shenzhen Lottery Winners Use Digital Renminbi to Pump Fuel, Pay for Meals

The winners of a recent digital renminbi lottery held in the southern tech hub of Shenzhen have used some of their proceeds...