Thursday, January 28, 2021
Tags SAFE

Tag: SAFE

China’s First Half Current Account Surplus at $85.9 Billion: SAFE

China's State Administration of Foreign Exchange (SAFE) says data for the first half of 2020 indicates that the country's balance of payments...

SAFE Expands Trials for Cross-border Financing by Small Tech Firms to Shanghai and Hubei

The State Administration of Foreign Exchange (SAFE) has flagged the expansion of trials for facilitating foreign borrowing by small-scale Chinese tech companies....

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...

SAFE Raises Shanghai/Shenzhen Outbound Investment Quota to $10bn

China's State Administration of Foreign Exchange is lifting the quota for outbound foreign investment trials involving qualified institutions in Shanghai and Shenzhen. SAFE announced on...

China Will Increase “Freedom and Convenience” of Cross-border Investment: SAFE

China's State Administration of Foreign Exchange said that it will make further increasing the level of "freedom and convenience" of cross-border investment and trade...

Foreign Exchange Chief Says Opening Up of China’s Finance Sector Remains Strategic Imperative

One of China's senior-most central bank and foreign exchange officials has reiterated the importance of opening up the country's financial sector, while also flagging...

Leading Lenders Penalised over Foreign Exchange Infractions

A slew of China's leading banks have been implicated in foreign exchange infractions involving roughly USD$1.3 billion in funds over just the past several years. According to some...

Net Foreign Liabilities of Chinese Banks Hit USD8.7bn in 2016

The latest data from the State of Administration of Foreign Exchange (SAFE) indicates that China's banking sector saw its foreign financial liabilities hit USD$964.5 billion at...

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Banks Behind over 90% of China’s 80 Fintech Sandbox Projects

Banking sector financial institutions have emerged as the main force behind projects included in the fintech regulatory "sandboxes" launched by multiple cities...

Chinese Central Bank’s Credit Reference Center Amasses Data on over 1.1 Billion People

The Credit Reference Center (CRC) of the People's Bank of China (PBOC) says it has amassed credit information on more than one...

Alipay, JD.com Remove All Bank Deposit Products from Sale via Online Platforms

China's Internet finance giants have completed the full withdrawal of bank deposit products from sale to both old and new customers via...

China Issued USD$8.87 Trillion in Bonds in 2020 for YoY rise of over 26%: PBOC

The latest data from the Chinese central bank points to a marked rise in bond issuance in 2020 amidst the peak of...