Tuesday, January 19, 2021
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...

Most Read

Chinese Central Bank Hails Eradication of P2P Lending, “Orderly Disposal” of High-risk Financial Institutions

The People's Bank of China (PBOC) has highlighted the removal of all of the country's P2P lending platforms in 2020 as part...

NDRC Flags Active Fiscal Policy, Increased Spending on New Infrastructure in 2021

China's chief planning authority has outlined a raft of its policy intentions for 2021, as the national economy continues to recover from...

China’s GDP Breaches 100 Trillion Yuan Threshold after Posting 2.3% Growth in 2020, Disposable Income up 4.7%

Official data points to growth of over 2% in Chinese GDP in 2020 despite the adverse economic impacts of the COVID-19 pandemic....

China Bans Banks from Selling Depository Products via Third Party Online Platforms

Beijing has issued a new directive which further steps up pressure on the sale of depository products via online fintech platforms, after...