Tag: China

china yuan
January 19, 2017 BY Valentina Kirilova

China SAFE December data: continued capital outflows as Yuan fell

China's foreign exchange regulator commented earlier today that the country's forex reserves were ample and it has plans to deal with cross-border capital flows, even as bank forex sales in December climbed to their highest in nearly a year. According to Reuters, State Administration of Foreign Exchange (SAFE) spokeswoman Wang Chunying's exact words were: In the future,…

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January 11, 2017 BY Valentina Kirilova

Chinese banks forced to cover tracks of forex regulator

China's forex regulator is telling banks to keep its instructions about curbing capital outflows secret and to ensure that research analysts keep any negative views about the yuan's prospects to themselves, several bankers said, according to Reuters. Both demands are seen as an attempt by the authorities to prevent alarm that could trigger further declines…

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December 10, 2016 BY admin

China launches 7 new direct currency pair links with renminbi

The China Foreign Exchange Trade System (CFETS), the interbank trading and foreign exchange division of China's central bank, the People's Bank of China (PBoC) has announced 7 new direct renminbi trading links. The seven  currencies which PBoC will launch direct trading as of Monday, December 12th include the Turkish lira (TRY), Polish zloty (PLN), the…

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November 23, 2016 BY Valentina Kirilova

MNI China Business Sentiment Indicator is up in November

The MNI China Business Sentiment Indicator, a gauge of current business confidence, rose 1.7% to 53.1 in November from 52.2 in October. Firms remained relatively more upbeat about the future, with the Future Expectations Indicator holding above the current measure, signalling that business conditions will likely continue to hold up. Key activity indicators also pointed…

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November 08, 2016 BY admin

Tools for Brokers establishes China office

Tools for Brokers, a Forex technology company providing integrated solutions for brokerage businesses has just announced the official opening of new office in Shanghai. The company stated the step was motivated by the intensification of company's activities in the APAC (Asia-Pacific) region. Lately the company faced the need for frequent travels to Asia to sign…

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September 19, 2016 BY Mike Fox

Capital Index launches Capital Index China as it looks to Asia

FCA regulated Capital Index is pleased to announce the launch of its dedicated Capital Index China website as the next step in its planned international expansion as business growth continues. On the launch of Capital Index China, Robert Woolfe, Chief Executive of Capital Index commented: “China has long been a market that we identified as…

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July 25, 2016 BY Mike Fox

FIBO Group announces opening of new office in Shanghai

CySEC and BVI regulated brokerage firm FIBO Group announced the expansion of its activities in Asia and likewise the official opening of their new office in Shanghai, China. The brokerage states its customers from this region will be able to directly obtain the necessary consultation and open an account within the new office under the supervision of qualified…

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July 20, 2016 BY Mike Fox

China's UnionPay overseas-issued cards grows 40% YoY

UnionPay International, a subsidiary of China UnionPay focused on the growth and support of UnionPay’s global business is accelerating its localization overseas by enlarging card-issuing scale abroad, and by supporting overseas cardholders' card-using in the local market, China and other countries and regions. Latest data show that, by this June, the transaction volume of overseas-issued UnionPay cards…

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