All posts tagged "RMB"
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450ChinaBond Connect to Get Regulatory Boost from PBOC
PBOC will introduce same day delivery versus payment, block trading and a simpler tax regime for foreign investors; ten additional market makers also added to Bond Connect scheme, including JP Morgan, BAML and Mizuho Bank.
July 5, 2018 -
326Capital Regulation
China Boosts Offshore RMB Liquidity as MSCI Inclusion Looms
PBOC allows offshore clearing banks to access mainland liquidity, cuts RMB reserve ratio of clearing banks to zero percent, among other measures.
May 21, 2018 -
283China
China Upgrades Interbank Payment System in Phase Two Launch
CIPS phase two launch extends operating hours to 24 hours on working days, among other improvements to expand participation globally and better meet participants' needs.
May 4, 2018 -
369FeatureHong Kong Work Plan Includes Incentives for Fund Industry
Government reviewing and enhancing existing tax concession arrangements for fund industry; HKMA to launch real-time payments, issue virtual bank licences this year.
April 20, 2018 -
401China
PBOC Pilots Phase Two Interbank Payment System
The second phase of CIPS will pilot at ten banks covering cross-border yuan clearing and settlement for all time zones.
March 30, 2018 -
377ChinaChina Launches Crude Oil Futures
Foreign investors allowed to participate in China’s futures market for the first time; foreign currencies to be used for margin deposits to facilitate foreign participation.
March 27, 2018 -
342China
China Tightens Outbound Investment Rules Despite Decline in 2017
Temporary rules require more detailed filings on investment plans; enforcement to focus on deals worth $300mn or more or to sensitive countries, regions and industries.
January 29, 2018 -
372AML / KYC
Banks Must Ensure Foreigners’ RMB Investment Returns Can Be ‘Freely Remitted’ – PBOC
PBOC confirms overseas investors can use RMB funds to participate in China’s emissions trading market; send RMB profits, dividends back home.
January 8, 2018 -
422Capital RegulationChina Details Banking Sector Liberalisation
CBRC will support foreign bank branches entry into government bond-related businesses, loosen RMB retail deposit-taking requirements for foreign bank branches.
January 3, 2018 -
330ChinaChina Further Restricts Overseas Cash Withdrawals
New rules effective from January 1st restrict individuals withdrawing a maximum of RMB 100,000 per year regardless of the number of separate bank accounts or ATM cards.
January 2, 2018
