SAFE

China’s Current Account Recovers With Second-Quarter Surplus, Still Logs First-Half Deficit

China’s Current Account Recovers With Second-Quarter Surplus, Still Logs First-Half Deficit

China’s current account returned to a surplus in the second quarter, but continued overseas spending on services saw the world’s second-largest economy log a deficit for the first half.

Aug 7, 2018
Xu Wei
SAFE Will Strive to Realize Yuan Convertibility, Crack Down on Illegal Forex Acts

SAFE Will Strive to Realize Yuan Convertibility, Crack Down on Illegal Forex Acts

The State Administration of Foreign Exchange stressed the need to achieve orderly convertibility of yuan capital accounts and rigorously crack…

Aug 3, 2018
Xu Wei
Alipay, Tenpay to Fork Out Fines for Sketchy Forex Practices

Alipay, Tenpay to Fork Out Fines for Sketchy Forex Practices

China’s foreign exchange regulator has fined the firms behind the country’s two biggest payment platforms, Alipay and Tenpay, for irregularities in cross-border transactions.

Jul 25, 2018
Xu Wei
China’s Forex Reserves to Remain Stable After June Uptick, SAFE Says

China’s Forex Reserves to Remain Stable After June Uptick, SAFE Says

China’s foreign exchange regulator expects reserves to remain stable despite fluctuations and an increase last month that ended two months of declines.

Jul 9, 2018
Xu Zuwei
China’s Bond Defaults Were Far Fewer Than Global Average in May, PBOC Deputy Says

China’s Bond Defaults Were Far Fewer Than Global Average in May, PBOC Deputy Says

China’s bond market default rate is clearly below the ratio of non-performing loans for China’s commercial banks and non-payments in…

Jul 3, 2018
Xu Wei
Beijing Eases Foreign Investor Limits as Part of Ongoing Drive to Open Financial Sector

Beijing Eases Foreign Investor Limits as Part of Ongoing Drive to Open Financial Sector

China’s forex regulator has unveiled new rules to ease restrictions on qualified foreign bond and stock investors as Beijing continues…

Jun 13, 2018
Xu Wei
China Dishes Out Fines to 24 Forex Rule Breakers

China Dishes Out Fines to 24 Forex Rule Breakers

China’s foreign exchange regulator has named and shamed 24 financial institutions, companies and individuals for ignoring or seeking to flaunt the rules to get cash in and out of the country.

May 7, 2018
Liao Shumin
China to Introduce Key Supervision Over Domestic Companies’ Foreign Investment Exceeding USD300 Mln

China to Introduce Key Supervision Over Domestic Companies’ Foreign Investment Exceeding USD300 Mln

Chinese companies’ foreign investments exceeding USD300 million will be put under key supervision under the interim measures announced by seven…

Apr 25, 2018
Xu Wei
China Can Control Impact of Trade Spat With US on Its Cross-Border Capital Flows

China Can Control Impact of Trade Spat With US on Its Cross-Border Capital Flows

The impact of China-US trade frictions on China’s cross-border capital flows and current accounts balance can be controlled, said a spokeswoman for China’s foreign exchange regulator today.

Apr 19, 2018
Tang Shihua
China’s Forex Regulator Mulls Reform of QDII Program

China’s Forex Regulator Mulls Reform of QDII Program

China’s foreign exchange regulator is mulling changes to its Qualified Domestic Institutional Investor scheme as the nation continues to open up its capital market to the rest of the world.

Apr 12, 2018
Xu Yanyan
China’s Forex Reserves Climbed USD8.3 Billion Last Month After February Dip

China’s Forex Reserves Climbed USD8.3 Billion Last Month After February Dip

China’s foreign exchange reserves edged up USD8.3 billion last month, flipping an anomalous decline in February on its head and…

Apr 9, 2018
Tang Shihua
China Recorded Manageable Foreign Debt Ratios Last Year on Stable Operation of Macroeconomy

China Recorded Manageable Foreign Debt Ratios Last Year on Stable Operation of Macroeconomy

China posted impressive foreign debt-to-GDP and foreign debt-to-exports ratios last year, said the country’s foreign exchange market regulator, adding that…

Mar 30, 2018
Xu Wei