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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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