Search Results for: Central bank of China
More foreign institutions allowed on China’s forex market
January 13th, 2016
China’s central bank allowed more overseas central banks and similar institutions to enter the country’s inter-bank foreign exchange market on Tuesday. Seven such institutions completed registration with the China Foreign Exchange Trading System, which signaled their official access to ...
Chinese regulator asks banks to cut wealth management yields
January 12th, 2016
China‘s banking regulator and main bond clearinghouse have asked commercial banks to reduce rates they offer on high-yielding wealth management products (WMPs), five sources told Reuters, an apparent back-pedalling on commitments to let markets price credit. The move to ...
China Stock Selloff Abates on State Efforts to Stabilize Yuan
January 12th, 2016
Offshore yuan climbs to one-week high amid intervention Shanghai Composite’s RSI signals oversold conditions China’s stocks rose in volatile trading after the benchmark index briefly fell below the 3,000 level as policy makers intensified efforts to stabilize the yuan. ...
China forex regulator says will ramp up risk control efforts
January 11th, 2016
China’s foreign exchange regulator said on Saturday it will ramp up risk control efforts, push ahead with regulatory reforms and look to accelerate the development of the country’s foreign exchange market in 2016. The State Administration of Foreign Exchange ...
China’s Forex Reserves Fall by Record $107.9 Billion on Yuan Fears
January 8th, 2016
Foreign-exchange reserves drop to a nearly three-year low, contributing to the largest yearly decline ever China’s hoard of foreign-exchange reserves continued to shrink in December, recording the biggest monthly drop ever and falling overall to its lowest level in ...
Bank of America Merrill Lynch Launches U.S. Dollar Cross-border Cash Pooling in China
January 7th, 2016
ZF TRW Automotive Serves as Pilot Client for New Solution Bank of America Merrill Lynch Global Transaction Services (GTS) has today announced the launch of automated U.S. dollar cross-border cash pooling services for corporations operating in the Shanghai Free ...
China to be Iran’s top partner in 2016
January 7th, 2016
The expected removal of the nuclear deal opens up new opportunities for Iran. Though the sanctions haven’t lifted yet, many countries and their respective companies have lined up to gain more advantage from the renewal or restoration of economic ...
Standard Chartered among banks in China forex ban – sources
January 7th, 2016
Standard Chartered (STAN.L) is among three lenders that China’s central bank last week suspended from conducting some foreign exchange business until the end of March, two sources with direct knowledge told Reuters on Wednesday. Reuters reported on Dec. 30 ...
China bans prepaid card provider, warns non-bank financial firms
January 7th, 2016
China’s central bank on Thursday said it had revoked the license of a prepaid card provider and vowed to crack down on non-bank financial institutions that violated the law. The People’s Bank of China (PBOC) said on its website ...
$30 Oil Just Got Closer as WTI Slides to 12-Year Low on China
January 7th, 2016
West Texas Intermediate trades at lowest since December 2003 China lowers yuan daily reference rate by most since August U.S. oil futures in New York slid to the lowest in 12 years as turmoil in China’s markets pushes crude ...
