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China invites public opinions on optimized cross-border RMB policies
China started soliciting public opinions on the draft circular over further optimizing cross-border Renminbi (RMB) policies last Friday, to better serve the real economy and facilitate trade and investment, according toan announcement posted on website of the Chinese central bank, the People's Bank of China (PBOC).
Chinese banks narrow forex settlement deficit in August
China's commercial banks saw a net forex settlement deficit of 26.5 billion yuan (about 3.8 billion U.S. dollars) in August, the country's forex regulator said Friday.
Highlights of Chinese policies supporting economic recovery
China's economic recovery continues to gather steam as the country has rolled out a series of policies and measures, including providing more financial support and tax reduction, as well as promoting foreign trade and consumption to revive the coronavirus-battered economy and boost employment.
China sees reshuffle of third-party payment industry
China's third-party payment market is experiencing a reshuffle, as more internet enterprises brace for the payment business.
Belt and Road Countries -- Afghanistan
China and Bangladesh issued a joint statement to deepen cooperation concerning the Belt and Road Initiative (BRI) in May 2016...
Belt and Road Countries --- Sri Lanka
China and Sri Lanka signed a Memorandum of Understanding (MOU) for cooperation on the Belt and Road Initiative (BRI) in Beijing on December 9, 2014.
China Focus: China's financial sector accelerates opening up amid pandemic
Though the global financial sector is facing challenges amid the COVID-19 pandemic, China has continued to accelerate the opening up of its financial sector.
Foreign banks, insurers set up nearly 100 institutions in China since 2018
Chinese authorities have given approval to foreign banks and insurers to set up nearly 100 institutions in China since 2018, an official said Sunday.
China invites opinion on foreign institutional investment in China bond market
China's central bank, securities and foreign exchange regulators invited opinions on a draft document on foreign institutions' investment in China bond market from Wednesday to October 1, showed an announcement posted on Chinese central bank's website Wednesday.
RMB to remain long-term attraction to the global market, experts
The Chinese currency renminbi (RMB), or the yuan will remain the long term attraction to the global market, and RMB assets will show the ability of proliferation, according to experts.
Hong Kong banks' aggregate balance hits nearly 3-yr high
The aggregate balance in Hong Kong's banking systems hit a nearly three-year high with a strong local currency and a continuous capital influx, reassuring investors about the stability of the global financial center.
Chinese banks post forex settlement deficit in July
China's commercial banks saw a net forex settlement deficit of 17.7 billion yuan (about 2.5 billion U.S. dollars) in July, the country's forex regulator said.
MPC predicts two-year recovery path
The Monetary Policy Committee (MPC) voted unanimously to leave the policy rate steady at a record low of 0.50 percent On August 5.
Interview: China's financial industry in smooth operation: official
China's financial industry has been steadily operating with generally controllable risks, Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission (CBIRC) told Xinhua in an interview.
China's economic rebound better than expected in Q2: World Bank official
China's economic rebound was better than expected in the second quarter (Q2) amid the COVID-19 epidemic, said a World Bank official.
China encourages export credit insurance to help foreign trade firms tide over epidemic risks
China's State Council recently encouraged to use export credit insurance to help foreign trade enterprises deal with the risk of order cancellation before shipment and raise funds amid the COVID-19 pandemic, reported Shanghai Securities News Monday.
Experts expect Chinese yuan to keep steady upward trend in H2
The central parity rate of the Chinese currency renminbi, or the yuan, has been fluctuating around 7 in the last week. Experts generally believe that the exchange rate of the yuan will remain stable and rise steadily in the second half of the year.
China Focus: China embraces uncertainties, challenges with reform pledge
With the global pandemic still unfolding, it remains uncertain how its final impact will be on the world economy. But for China, there is little doubt about how to respond to the forthcoming challenges.
China Development Bank issues RMB277.7 bln loans to manufacturing sector in H1
China Development Bank (CDB), one of the major policy banks of China, issued 277.7 billion yuan of loans in the first half of 2020 to support the transformation and upgrading of the country's manufacturing sector.
China's connection of interbank, exchange bond markets to improve high-quality development
After a 23-year long separation, China's interbank and exchange bond markets are ultimately interconnected along with the regulatory approval on Sunday.
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