"Banks bought a net $1.3 billion worth of foreign exchange for clients in May, showing a major turnaround," Wang Yungui, head of policy and regulations at the State Administration of Foreign Exchange (SAFE), told a news conference in Beijing Wednesday
Read moreThe rise of the renminbi's prominence to the global economy, along with China's huge status as creditor nation, has made SAFE an increasingly important player in international forex and financial markets...
Read moreSwitzerland accepts Bitcoin with open arms as Swiss Bitcoin Exchange launched, nationwide ATMs to follow, and virtual currency set to become a mainstay of the coveted Swiss financial sector.
Read moreChina opens a new US Forex office to diversify away from US Treasuries. One of they key themes we've been following lately has been China relaxing its rules governing Forex movements and trading, which has been a key catalyst behind the rapid growth of retail FX trading among Chinese retail FX traders. (We even posited…
Read moreMoving Yuan in and out of the country will be easier, and trading the Yuan should become easier. LeapRate Exclusive... China's State Administration of Foreign Exchange (SAFE) has posted (in Chinese only) that it will simplify FX regulations, creating an easier and more convenient environment for foreign investors to move money into and out of the…
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