The fine is the largest issued against a Chinese bank this year. In 2022, Bank of Shanghai had more complaints against it than any other corporate bank.
May 8, 2023The yuan was used in 48.4 percent of China’s cross-border transactions in March, compared to 46.7 percent for the dollar.
April 30, 2023Foreign institutional and central bank-like investors investing in China's bond market can apply to become CFETS members and participate in the FX market.
April 20, 2023As part of the plan, FIs will be encouraged to invest in the field of data security and provide convenient and efficient financial services to the sector.
January 19, 2023The panda bond is the first since the introduction of new rules that allow foreign issuers to freely use the proceeds overseas without restriction.
January 19, 2023The move will provide greater convenience for global investors and enhance the attractiveness of yuan-denominated assets, the PBOC said.
January 3, 2023The rules do not impose restrictions on the retention of funds raised by panda bonds in China or remittances abroad.
December 6, 2022Directive calls on banks, insurers and PE firms to provide services and investment to innovative companies in Shanghai, Nanjing, Hangzhou, Hefei and Jiaxing.
November 27, 2022The rules are aimed at making it easier for foreign institutional investors to participate in China's bond market.
November 21, 2022SAFE is surveying banks about sharp yuan declines amid concerns that some market participants may be "maliciously shorting" the currency.
October 27, 2022