Saturday, February 27, 2021
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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World’s Biggest Bank to Welcome 30 Year Veteran of China Construction Bank as President

China and the world's biggest bank in terms of assets is set to welcome a 30-year veteran of another big state-owned lender...

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