News and Information
On March 20, 2023, the China Foreign Exchange Trading Center was authorized to announce the central parity rate of the RMB exchange rate
The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on March 20, 2023, the central parity of the RMB exchange rate in the interbank foreign exchange market was 1 US dollar to 6.8694 yuan, 1 euro to 7.3380 yuan, 100 yen to 5.1968 yuan, 1 Hong Kong dollar to 0.87523 yuan, 1 pound to 8.3735 yuan, 1 Australian dollar to 4.6115 yuan, 1 New Zealand dollar to RMB...
European and American bank stocks staged a roller coaster, the market expects the pace of interest rate hikes to slow down
With the bankruptcy of Silicon Valley Bank in the United States spreading and Credit Suisse in Europe suffering a crisis of confidence, the European and American banking industries, which are in the midst of stock price turmoil and deposit outflow crisis, have made many investors around the world anxious. The First Republic Bank of the United States, which was hit, saw its stock market plunge by more than 36% before the market yesterday. The Office of the Chief Investment Officer (CIO) of UBS Wealth Management issued an institutional opinion that the market is overly concerned about the solvency of banks, and most banks maintain strong liquidity...
On March 17, 2023, the China Foreign Exchange Trading Center was authorized to announce the central parity rate of the RMB exchange rate
The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on March 17, 2023, the central parity of the RMB exchange rate in the interbank foreign exchange market was 1 US dollar to 6.9052 yuan, 1 euro to 7.3301 yuan, 100 yen to 5.1753 yuan, 1 Hong Kong dollar to 0.87969 yuan, 1 pound to 8.3617 yuan, 1 Australian dollar to 4.6009 yuan, 1 New Zealand dollar to RMB...
SAFE: Cross-border capital flows are off to a good start
On March 15, the State Administration of Foreign Exchange (hereinafter referred to as "SAFE") announced the data on foreign exchange settlement and sales by banks and foreign-related receipts and payments by banks on behalf of customers in February 2023. Wang Chunying, deputy director and spokesperson of the SAFE, pointed out that the scale of foreign exchange settlement and sales by banks in February was basically the same, and the foreign-related income and expenditure of non-bank sectors such as enterprises and individuals were more balanced. Looking at the situation in the first two months of 2023, the foreign-related income and expenditure surplus of the non-bank sector 31.40 billion US...
On March 16, 2023, the China Foreign Exchange Trading Center was authorized to announce the central parity of the RMB exchange rate
The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on March 16, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 6.9149 yuan for 1 US dollar, 7.3194 yuan for 1 euro, 5.1987 yuan for 100 yen, 0.88107 yuan for 1 Hong Kong dollar, 8.3443 yuan for 1 pound, 4.5794 yuan for 1 Australian dollar, and 4.5794 yuan for 1 New Zealand dollar.
How does the yen exchange rate go? The difference in monetary policy between the US and Japanese central banks is crucial
Analysts believe that whether Ueda Kazuo will continue to implement loose monetary policy after taking office will become a key factor affecting the performance of the yen exchange rate. At present, the side effects of the yield curve control policy implemented by the Bank of Japan are putting more pressure on the operation of the financial marekt. It is foreseeable that the monetary policy difference between the Federal Reserve and the Bank of Japan will continue to be a key factor affecting the trend of the dollar against the yen in the future. Any hints or letters from the Bank of Japan about tightening monetary policy...
On March 15, 2023, the China Foreign Exchange Trading Center was authorized to announce the central parity of the RMB exchange rate
The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on March 15, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 6.8680 yuan for 1 US dollar, 7.3703 yuan for 1 euro, 5.1090 yuan for 100 yen, 0.87502 yuan for 1 Hong Kong dollar, 8.3462 yuan for 1 pound, 4.5936 yuan for 1 Australian dollar, and 4.5936 yuan for 1 New Zealand dollar.
Latest! The list of market makers in the interbank foreign exchange market has been announced, and these three banks have been added to the list
On March 13, the website of the State Administration of Foreign Exchange updated the list of market makers in the interbank foreign exchange market, with a total of 25 banks listed. Interbank foreign exchange market makers refer to members of the interbank foreign exchange market who undertake the obligation to continuously provide buy and sell prices to members when conducting RMB and foreign currency transactions in the interbank foreign exchange market in our country. Interbank foreign exchange market makers can conduct market making in the spot, forward, swap, option and other foreign exchange markets according to their market making capabilities. Compare the previous list to see...
On March 14, 2023, the China Foreign Exchange Trading Center was authorized to announce the central parity of the RMB exchange rate
The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on March 14, 2023, the central parity of the RMB exchange rate in the interbank foreign exchange market was 1 US dollar to 6.8949 yuan, 1 euro to 7.3952 yuan, 100 yen to 5.1744 yuan, 1 Hong Kong dollar to 0.87962 yuan, 1 pound to 8.3891 yuan, 1 Australian dollar to 4.5911 yuan, 1 New Zealand dollar to RMB...
Foreign exchange trading reminder: the Silicon Valley bank incident weakened the Federal Reserve's interest rate hike expectations, the dollar continued to fall, and the European Bank's interest rate hike expectations boosted the euro
On March 13, Beijing time, in the morning of the Asian market, as the Silicon Valley Bank incident weakened the Federal Reserve's interest rate hike expectations, the US federal funds futures December contract jumped 20 basis points to 95.26. The dollar index fell 30 points in the short term, and is currently trading near 104.14. The dollar fell against the yen once to 1%, and then rebounded. It is currently down 0.44% and trading near 134.44. The dollar weakened on Friday, closing down 0.57% at 104.6...
On March 13, 2023, the China Foreign Exchange Trading Center was authorized to announce the central parity of the RMB exchange rate
The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on March 13, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 6.9375 yuan for 1 US dollar, 7.4156 yuan for 1 euro, 5.1534 yuan for 100 yen, 0.88392 yuan for 1 Hong Kong dollar, 8.3892 yuan for 1 pound, 4.6034 yuan for 1 Australian dollar, and 4.6034 yuan for 1 New Zealand dollar.
The three major stock indexes rose by more than 1%, and Tesla rose by more than 5%.
U.S. stocks closed slightly higher on Monday as investors hunted for dips after the main benchmark index recorded its biggest percentage drop in 2023 last week, but concerns persisted about continued interest rate hikes in the future to curb stubbornly high inflation. All three major indexes climbed more than 1% shortly after opening, in part due to a pullback in U.S. Treasury yields, but all ended well away from day highs. Stocks gradually gave up gains during the day as U.S. Treasury yields exited their daily lows. The Dow Jones Industrial Average...
On March 10, 2023, the China Foreign Exchange Trading Center was authorized to announce the central parity rate of the RMB exchange rate
The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on March 10, 2023, the central parity of the RMB exchange rate in the interbank foreign exchange market was 1 US dollar to 6.9655 yuan, 1 euro to 7.3738 yuan, 100 yen to 5.1145 yuan, 1 Hong Kong dollar to 0.88736 yuan, 1 pound to 8.3029 yuan, 1 Australian dollar to 4.5893 yuan, 1 New Zealand dollar to RMB...
On March 9, 2023, the China Foreign Exchange Trading Center was authorized to announce the central parity rate of the RMB exchange rate
The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on March 9, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 6.9666 yuan for 1 US dollar, 7.3483 yuan for 1 euro, 5.0762 yuan for 100 yen, 0.88751 yuan for 1 Hong Kong dollar, 8.2542 yuan for 1 pound, 4.5918 yuan for 1 Australian dollar, and 4.5918 yuan for 1 New Zealand dollar.
SAFE: At the end of February, the scale of our country's foreign exchange reserves was 3.1332 trillion US dollars
On March 7, the State Administration of Foreign Exchange (hereinafter referred to as "SAFE") announced the data on the scale of foreign exchange reserves at the end of February 2023. Statistics show that as of the end of February this year, the scale of our country's foreign exchange reserves was 3.1332 trillion US dollars, down 51.30 billion US dollars from the end of January, a decrease of 1.61%. SAFE said that in February, influenced by factors such as global macroeconomic data and monetary policy expectations of major economies, the US dollar index rose, and global financial asset prices generally fell...
