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Thursday, November 26, 2020
Tags State Administration of Foreign Exchange

Tag: State Administration of Foreign Exchange

SAFE Relaxes Restrictions on Remittance by Foreign Institutional Investors

China's foreign exchange authority has just cancelled the ceiling on the remittance of funds by qualified foreign institutional investors (QFII), as part of broader...

SAFE Raises Shanghai/Shenzhen Outbound Investment Quota to $10bn

China's State Administration of Foreign Exchange is lifting the quota for outbound foreign investment trials involving qualified institutions in Shanghai and Shenzhen. SAFE announced on...

Forex Regulator Permits Cash Settlement of Forwards Contracts

China's State Administration of Foreign Exchange has announced that it will permit the cash as well as physical settlement of foreign exchange forwards as...

China Will Increase “Freedom and Convenience” of Cross-border Investment: SAFE

China's State Administration of Foreign Exchange said that it will make further increasing the level of "freedom and convenience" of cross-border investment and trade...

China Caps Individual Bank Card Withdrawals at USD$15,000 Per Annum

China's State Administration of Foreign Exchange has stepped up capital account controls with the launch of new regulations that restrict the amount of money...

Foreign Exchange Regulator Flags Greater Focus on Banks

China's State Administration of Foreign Exchange (SAFE) has pointed to Chinese banks as a key area for combating risk in relation to the foreign exchange market. SAFE's...

Leading Lenders Penalised over Foreign Exchange Infractions

A slew of China's leading banks have been implicated in foreign exchange infractions involving roughly USD$1.3 billion in funds over just the past several years. According to some...

SAFE Says Foreign Debt Deleveraging Has Come to an End

Data from the State Administration of Foreign Exchange (SAFE) indicates that that China's full foreign debt balance was USD$1,420 billion as of the end...

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Structured Deposits of Chinese Banks See Record Drop of over 1 Trillion Yuan in October

Structured deposits at Chinese banks have posted a record monthly drop for 2020 in October after rising to unprecedented levels earlier in...

Ningbo Launches Trials of Blockchain-driven Insurance Claims System

The Zhejiang-province port city of Ningbo has kicked off trials for the use of blockchain technology to automate the processing of insurance...

PBOC Steps up Pressure on Chinese Payments Platforms with Doubling of Penalty Amounts

The Chinese central bank has heightened its scrutiny of the payments sector with a sharp increase in the value of penalties imposed...

China Construction Bank Withdraws from Digital Bond Issuance Due to “Over-excitement” in Cryptocurrency Circles

One of China's big six state-owned banks has withdrawn from plans to issue digital bonds in collaboration with a digital assets exchange...