Tuesday, October 20, 2020
Tags State Administration of Foreign Exchange

Tag: State Administration of Foreign Exchange

Economy

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

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

China’s Forex Authority Unveils Measures to Support Foreign Trade and Investment

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The State Administration of Foreign Exchange (SAFE) has announced the launch of new measures to support forex operations involving foreign trade and...
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Finance

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

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

Beijing Cancels Investment Ceiling for Qualified Foreign Institutional Investors

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The Chinese central government has rescinded the ceiling on investments levels for overseas institutional investors.
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Economy

SAFE Says China Will Continue to Drive Capital Account Opening

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The State Administration of Foreign Exchange (SAFE) says that it will continue to drive the "stable and orderly" opening of China's capital...
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Banking

New Chinese Depository Receipt Rules Encourage Use of Renminbi for Cross-border Settlements

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Beijing has launched new regulations governing cross-border remitance of funds raised via Chinese depository receipts (CDR).
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Banking

China’s State Administration of Foreign Exchange Launches Blockchain-driven Cross-border Trade Finance Platform

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The Chinese central government's foreign exchange authority has launched a new blockchain-driven platform to facilitate cross-border trade financing.
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Banking

China’s Foreign Reserves Edge Higher to $3.0988T at End of March

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Official data points to a modest month-on-month rise in China's foreign reserves in March.
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Banking

China’s Central Bank and Foreign Exchange Authority Stress Targeted Disposal of Grey Rhino Risk in Key Sectors

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The People's Bank of China (PBOC) and the State Administration of Foreign Exchange (SAFE) have outlined focal areas for cooperative regulatory and...
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Economy

China’s Balance of Payments Stable in Second Quarter: Forex Regulator

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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...
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Chinese GDP Growth Rises to 0.7% in Third Quarter

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China's GDP growth for the first three quarters of 2020 has entered positive territory despite the initial economic impacts of the COVID-19...
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Huang Jianhui Calls for Creation of “Aircraft Carrier Fleet” of Chinese Banks and Enterprises for Expansion into Overseas markets

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A leading Chinese economist has called for the country's banks and enterprises to join together in a concerted effort to expand their...
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Loan Prime Rate Remains Unchanged for Sixth Consecutive Month in October

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Chi­na’s loan prime rate (LPR) for October has re­mained un­changed for the sixth consecutive month.  The...
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Shenzhen Lottery Winners Use Digital Renminbi to Pump Fuel, Pay for Meals

Fintech CBNEditor - 0
The winners of a recent digital renminbi lottery held in the southern tech hub of Shenzhen have used some of their proceeds...
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