Sunday, April 11, 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The Chinese central government has rescinded the ceiling on investments levels for overseas institutional investors.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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Digital Renminbi Makes Its Debut on Renmin University Campus

Ongoing trials of China's Digital Renminbi have brought the central bank digital currency to one of the country's most prestigious tertiary institutions....

China’s Services Exports Surge over 20% since Start of 2021, Imports Plunge by More Than 18%

China has seen a sharp rise in its exports of services since the start of 2021, in tandem with a plunge in...

Liquidity to Come Under Modest Pressure in April Following Funds Contraction of 30 Billion Yuan in March

Liquidity in the Chinese finance system is expected to come under modest pressure in the month of April as a result of...

China Co-chairs G20 Sustainable Finance Study Group with United States

China will play a leading role in efforts by the G20 to develop solutions for the challenges faced by the global sustainable...