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Former central bank official says keeping yuan stable "crucial"
It is crucial to maintain a basically stable exchange rate of the Chinese currency renminbi, or yuan, amid current circumstances, according to a former official of the country's central bank.
July09,2019
Economic Watch: Chinese yuan to remain stable despite temporary fluctuations
The Chinese currency renminbi (RMB) has experienced sharp fluctuations in both onshore and offshore markets recently. However, economists believe that the Chinese yuan will remain stable in the long run supported by its sound economic fundamentals.
June17,2019
Chinese banks post forex settlement deficit in February
China's commercial banks saw a net forex settlement deficit of 101.3 billion yuan (around 15 billion U.S. dollars), in February, the country's forex regulator said Monday.
March19,2019
China's yuan funds for forex down in February
China's yuan funds outstanding for foreign exchange edged down in February, according to central bank data.
March15,2019
China's forex reserves continue to grow
China's foreign exchange reserves rose to 3.0902 trillion U.S. dollars by the end of February, official data showed Thursday.
March08,2019
Macao's forex reserves reach 20.32 bln USD at end of January
The preliminary estimate of the foreign exchange reserves in China's Macao Special Administrative Region (SAR) reached 164.3 billion patacas (about 20.32 billion U.S. dollars) at the end of January, the SAR's Monetary Authority said on Friday.
February15,2019
Trading volume under Bond Connect reaches RMB71.3 bln in Dec. 2018
Transactions under the Bond Connect program in December 2018 amounted to 71.3 billion yuan, representing the average daily trading volume of 3.6 billion yuan, according to the China Foreign Exchange Trade System (CFETS).
January07,2019
China urges United States not to politicize currency exchange rates
China on Thursday urged the United States not to politicize the issue of currency exchange rates, according to the Ministry of Commerce (MOC).
October26,2018
China to further reform forex management
China's foreign exchange regulator said Thursday that it will continue to reform its forex management in the latter half of 2018.
August03,2018
China to further reform forex management
China's foreign exchange regulator said Thursday that it will continue to reform its forex management in the latter half of 2018. The country will make the yuan convertible under the capital account in an orderly manner.
August03,2018
China issues overview of foreign exchange management policies of B&R countries
China's State Administration of Foreign Exchange (SAFE) has recently issued the overview of foreign exchange management policies of the countries along the Belt and Road, aiming to actively promote the international cooperation under the BRI.
August01,2018
China refutes U.S. allegations of currency manipulation
China on Monday said it has no intention to spur exports through competitive devaluation of its currency, rejecting the United States' accusations of manipulating the exchange rate of the yuan.
July24,2018
China's forex reserves drop in April
China's foreign exchange reserves stood at 3.1249 trillion U.S. dollars at the end of April, down from a month earlier, according to central bank data released Monday.
May08,2018
China's service trade deficit slightly narrows in March
China's service trade deficit slightly narrowed in March, data from the State Administration of Foreign Exchange (SAFE) showed Friday.
April28,2018
China to expand quotas for outbound investment schemes
China will increase quotas for two pilot schemes that allow domestic investors to access foreign assets, as part of its broader efforts to open up the financial market, according to the country's foreign exchange regulator.
April25,2018
Vietnam lowers reference exchange rate
Vietnam's central bank on Monday decreased its reference exchange rate between Vietnamese dong and U.S. dollar by 2 Vietnamese dong to 22,475 Vietnamese dong per U.S. dollar.
April09,2018
China's foreign exchange reserves rise in March
China's foreign exchange reserves edged up 0.27 percent from a month earlier to 3.1428 trillion U.S. dollars at the end of March, the People's Bank of China said Sunday.
April09,2018
China's foreign exchange reserves rise in March
China's foreign exchange reserves edged up 0.27 percent from a month earlier to 3.1428 trillion U.S. dollars at the end of March, the People's Bank of China said Sunday.
April09,2018
China's appetite for foreign exchange expands
China's February deficit in foreign exchange transactions rose from the amount registered in January.
March20,2018
Chinese banks see net forex sales in January
Chinese banks saw net foreign exchange sales of 900 million U.S. dollars in January, following a settlement surplus in December, China's forex regulator said Monday.
February27,2018
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