Saturday, January 23, 2021
Tags State Administration of Foreign Exchange

Tag: State Administration of Foreign Exchange

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...

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

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

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....

Beijing Cancels Investment Ceiling for Qualified Foreign Institutional Investors

The Chinese central government has rescinded the ceiling on investments levels for overseas institutional investors.

SAFE Says China Will Continue to Drive Capital Account Opening

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

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

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

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

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

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

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

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

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

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...

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Users of Everbright’s Cloud-Driven Utilities Payment Platform Exceeded Half a Billion in 2020

China Everbright Bank has seen users of its cloud-based utilities payments service surge in 2020, as the COVID-19 pandemic drove sharp gains...

China Unlikely to See Real Estate Loan Rates Decline in 2021 as LPR Holds Steady for Ninth Month Straight

Domestic analysts say that Chinese banks are unlikely to significantly reduce rates for real estate loans in 2021, as regulators continue to...

Chinese Central Bank Unveils Anti-Trust Measures Permitting Break up of Third-Party Payments Platforms

The People's Bank of China (PBOC) will have the power to recommend the dismantling of third party payments platforms under new measures...

Pinduoduo Owner Applies for Payments Trademark

A major shareholder in NASDAQ-listed agricommerce platform Pinduoduo has applied with Chinese authorities to register a Pinduoduo-related payments trademark.