Tuesday, October 20, 2020
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The Chinese central government has rescinded the ceiling on investments levels for overseas institutional investors.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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Chinese GDP Growth Rises to 0.7% in Third Quarter

China's GDP growth for the first three quarters of 2020 has entered positive territory despite the initial economic impacts of the COVID-19...

Huang Jianhui Calls for Creation of “Aircraft Carrier Fleet” of Chinese Banks and Enterprises for Expansion into Overseas markets

A leading Chinese economist has called for the country's banks and enterprises to join together in a concerted effort to expand their...

Loan Prime Rate Remains Unchanged for Sixth Consecutive Month in October

Chi­na’s loan prime rate (LPR) for October has re­mained un­changed for the sixth consecutive month.  The...

Shenzhen Lottery Winners Use Digital Renminbi to Pump Fuel, Pay for Meals

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