All posts tagged "SAFE"
-
366Capital RegulationPBOC, SAFE Step Up Support for Covid-Hit Economy
Banks are asked to increase lending, delay loan repayments, defer overdue loan reclassification, and support infrastructure projects and property developers.
April 20, 2022 -
397ChinaPBOC Unveils Draft Law to Establish Financial Stability Fund
The law will support the establishment of a guarantee fund for financial stability, while also strengthening accountability for regulatory violations and improving protections for market entities.
April 11, 2022 -
392ChinaSAFE to Relax Threshold for Declaring Foreign Receipts, Payments
SAFE proposes to increase the dollar threshold over which Chinese residents have to make declarations of their foreign receipts and payments.
April 1, 2022 -
526ChinaChina Widens Trading Band for Yuan-Ruble Currency Pair
The existing 5 percent trading band around a daily midpoint set by the PBOC is making it difficult to price the exchange rate amid heightened ruble volatility.
March 11, 2022 -
606China
China Issues New Rules to Promote Overseas Lending in RMB
The new rules expand the ability of Chinese banks to lend RMB overseas and cooperate with overseas banks in their loan businesses.
February 2, 2022 -
866AML / KYC
PBOC Finalises CDD Rules, Launches Nationwide AML Campaign
New rules effective from 1 March impose stricter requirements on beneficial owner identification and verification, including for non-bank financial firms.
January 27, 2022 -
541China
SAFE Eases Cross-Border Investment, Trade in Pilot Zones
High-tech MSMEs will be granted a quota to borrow money from overseas, and pilot projects for QFLPs and QDLPs will be carried out.
January 11, 2022 -
513China
PBOC, SAFE Call on Banks to Facilitate Offshore Trade
A new notice encouraging banks to support the development of new models of international trade comes just as RCEP took effect on 1 January 2022.
January 5, 2022 -
302China
PBOC, SAFE Issues New Rules for Panda Bond Issuance
The rules do not impose restrictions on funds retained in China or transferred overseas, though they encourage the domestic use of RMB funds raised.
December 17, 2021 -
198China
China’s SAFE Grants Fresh QDII Quotas, Mid-month
The irregular mid-month disclosure suggests that policymakers are intent on containing the rapid appreciation of the yuan.
December 16, 2021
