Thursday, October 22, 2020
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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China’s P2P Platforms Drop from 5000 to Less Than 6

Chinese P2P lending has been all-but squeezed out of existence by regulators in response to widespread issues with fraud in the once-flourishing...

CSRC Says Blockchain Used in Regtech Pilot Schemes for China’s Regional Equity Markets

A senior official from the China Securities Regulatory Commission (CSRC) has highlighted the application of blockchain technology to regulatory trials in the...

China’s Top Finance Regulators Send Raft of Policy Signals at 2020 Financial Street Forum

Senior officials from the People's Bank of China (PBOC), the China Banking and Insurance Regulatory Commission (CBIRC) and the China Securities Regulatory...

PBOC to Issue New Rules on Assessment of Systemically Important Banks

A senior official has flagged the imminent launch by the Chinese central bank (the People's Bank of China) of new rules governing...