News and Information
On March 8, 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 8, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 6.9525 yuan for 1 US dollar, 7.3363 yuan for 1 euro, 5.0652 yuan for 100 yen, 0.88569 yuan for 1 Hong Kong dollar, 8.2232 yuan for 1 pound, 4.5816 yuan for 1 Australian dollar, and 4.5816 yuan for 1 New Zealand dollar.
Cross-border funds cannot be remitted? SAFE and HSBC have responded: China's policy has not changed
Recently, Mobius Capital Partners co-founder Mai Pusi told the media that he could not transfer funds from his HSBC bank account in Shanghai to overseas, which attracted much attention from the market. In response to this, today, the relevant person in charge of the foreign exchange bureau told the Financial Union reporters that he has noticed the situation. After understanding, the relevant business belongs to the basic process and internal control requirements of banks in handling specific business. There has been no change in the policy of cross-border fund transfer in our country...
On March 7, 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 7, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 6.9156 yuan for 1 US dollar, 7.3854 yuan for 1 euro, 5.0874 yuan for 100 yen, 0.88102 yuan for 1 Hong Kong dollar, 8.3120 yuan for 1 pound, 4.6539 yuan for 1 Australian dollar, and 4.6539 yuan for 1 New Zealand dollar.
SAFE: Focus on building an open, diverse, functional, and competitive foreign exchange market
The State Administration of Foreign Exchange reported on March 3 that the State Administration of Foreign Exchange attaches great importance to the handling of proposals by deputies to the National People's Congress and members of the National Committee of the Chinese People's Political Consultative Conference. It regards the handling of proposals as an important measure for the government to perform its duties in accordance with the law, consciously accept supervision, and promote scientific and democratic decision-making. It has carefully organized and implemented them. In 2022, the State Administration of Foreign Exchange handled a total of 23 proposals by deputies to the National People's Congress and 29 proposals by members of the National Committee of the Chinese People's Political Consultative Conference. Since the first session of
On March 6, 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 6, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 6.8951 yuan for 1 US dollar, 7.3280 yuan for 1 euro, 5.0718 yuan for 100 yen, 0.87837 yuan for 1 Hong Kong dollar, 8.2970 yuan for 1 pound, 4.6579 yuan for 1 Australian dollar, and 4.6579 yuan for 1 New Zealand dollar.
On March 3, 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 3, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 6.9117 yuan for 1 US dollar, 7.3267 yuan for 1 euro, 5.0576 yuan for 100 yen, 0.88051 yuan for 1 Hong Kong dollar, 8.2601 yuan for 1 pound, 4.6531 yuan for 1 Australian dollar, and 4.6531 yuan for 1 New Zealand dollar.
On March 2, 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 2, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 6.8808 yuan for 1 US dollar, 7.3417 yuan for 1 euro, 5.0576 yuan for 100 yen, 0.87662 yuan for 1 Hong Kong dollar, 8.2765 yuan for 1 pound, 4.6519 yuan for 1 Australian dollar, and 4.6519 yuan for 1 New Zealand dollar.
With foreign exchange reserves already the largest in the world, why does China continue to increase its holdings of gold?
1. China's foreign reserves have rebounded, and gold holdings have increased. According to the data of the State Administration of Foreign Exchange, affected by factors such as exchange rate conversion and asset price changes, as of the end of January 2023, the scale of our country's foreign exchange reserves was 3.1845 trillion US dollars, an increase of 1.82% compared with the end of 2022. This is the fourth consecutive month that foreign reserves have risen. In addition to the recovery growth of foreign reserves, gold holdings in China's official reserve assets have also increased month by month. According to SAFE data, 2022...
On March 1, 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 1, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 6.9400 yuan for 1 US dollar, 7.3416 yuan for 1 euro, 5.0926 yuan for 100 yen, 0.88416 yuan for 1 Hong Kong dollar, 8.3513 yuan for 1 pound, 4.6702 yuan for 1 Australian dollar, and 4.6702 yuan for 1 New Zealand dollar.
Foreign exchange trading reminder: Northern Ireland is on the rise, the pound has its biggest gain against the dollar in six weeks, and the dollar has retreated slightly
At the beginning of Asian trading on Tuesday (February 28), the US dollar index fluctuated narrowly, and is currently trading around 104.65. The dollar retreated from a seven-week high on Monday, following the decline in US Treasury yields. Investors consolidated gains after the dollar's recent rise, and durable goods orders fell more than expected in January, while waiting for US employment and consumer price data in February. In addition, British Prime Minister Sunak announced an agreement with the European Union to amend the original Northern Ireland Protocol.
On February 28, 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 February 28, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 6.9519 yuan for 1 US dollar, 7.3747 yuan for 1 euro, 5.1024 yuan for 100 yen, 0.88604 yuan for 1 Hong Kong dollar, 8.3885 yuan for 1 pound, 4.6858 yuan for 1 Australian dollar, and 4.6858 yuan for 1 New Zealand dollar.
On February 27, the price trend analysis of gold and crude oil today and the latest operation suggestions for foreign exchange futures
Gold's latest market trend analysis: Gold fell to its lowest level since 2023 under pressure on Friday (February 24), after the U.S. January PCE price index report showed stronger-than-expected price gains, indicating that the Federal Reserve may have to continue to raise interest rates aggressively and tighten monetary policy to fight inflation. The Gold Weekly survey released shows that Wall Street analysts remain firmly bearish on gold next week. Although there is no camp with a clear majority among retail investors, the market does have a bearish...
On February 27, 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 February 27, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 6.9572 yuan for 1 US dollar, 7.3406 yuan for 1 euro, 5.1040 yuan for 100 yen, 0.88647 yuan for 1 Hong Kong dollar, 8.3143 yuan for 1 pound, 4.6836 yuan for 1 Australian dollar, and 4.6836 yuan for 1 New Zealand dollar.
Foreign exchange trading reminder: please ask for beautiful data at the beginning, the US dollar hits a new high in nearly seven weeks, waiting for the test of PCE data
On Friday (February 24), the dollar index was also volatile in the Asian session, and is currently trading around 104.57, just below the nearly seven-week high of 104.78 set overnight. The dollar held on to modest gains against its major currencies on Thursday, supported by strong economic data that continue to suggest that the Federal Reserve's tightening of monetary policy may take longer if it is to reduce its highest inflation rate in decades. A string of stronger-than-expected data and recent "several"...
On February 24, 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 February 24, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 6.8942 yuan for 1 US dollar, 7.3070 yuan for 1 euro, 5.1267 yuan for 100 yen, 0.87862 yuan for 1 Hong Kong dollar, 8.2864 yuan for 1 pound, 4.6945 yuan for 1 Australian dollar, and 4.6945 yuan for 1 New Zealand dollar.
