The eligibility, product range, investment and sales limits will be enhanced, and securities firms will be allowed to participate.
September 29, 2023PBOC governor Pan Gongsheng said China will continue to open up its market for global businesses and create a more business friendly environment.
September 20, 2023The rules set out requirements for money brokers that provide data services to customers. A list of permitted data recipients is published.
September 3, 2023Lenders will be required to set annual goals for lending to private enterprises; this lending will carry extra weight in banks' performance reviews.
September 1, 2023Some of China’s largest mutual funds are approaching their QDII limits as seek to meet demand for higher-yielding assets overseas.
August 7, 2023The window guidance is the latest in a series of steps taken by Chinese authorities this year to bolster the yuan.
August 2, 2023China's foreign exchange regulator, SAFE, proposes draft rules to advance cross-border trade, calling for public input until 2 August 2023.
July 25, 2023Former US Treasury official Brad Setser suggests China is concealing nearly half of its FX reserves within state-owned commercial and policy banks.
July 5, 2023The crackdown is focusing on major industrial and regional cases and professional criminal gangs.
July 4, 2023PBOC and SAFE issued a draft notice allowing banks to conduct capital account business online for market players by using electronic documents.
June 21, 2023