Saturday, January 23, 2021
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The Chinese central government has rescinded the ceiling on investments levels for overseas institutional investors.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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Most Read

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

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China Everbright Bank has seen users of its cloud-based utilities payments service surge in 2020, as the COVID-19 pandemic drove sharp gains...
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China Unlikely to See Real Estate Loan Rates Decline in 2021 as LPR Holds Steady for Ninth Month Straight

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Domestic analysts say that Chinese banks are unlikely to significantly reduce rates for real estate loans in 2021, as regulators continue to...
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Chinese Central Bank Unveils Anti-Trust Measures Permitting Break up of Third-Party Payments Platforms

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

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