foreign exchange
China Pushes to Keep Foreign Exchange Regulations a Secret: Reuters
| S. Rina | | Jan 12, 2017 08:39 PM EST |
In an exclusive report, Reuters claimed that Chinese banking regulators are pushing financial institutions to keep foreign currency regulations a secret. These regulations are primarily concerned with curbing the flow of capital outside the country.
China to Clamp Down on Individual Foreign Currency Transactions
| S. Rina | | Jan 02, 2017 09:57 AM EST |
China is looking to enhance the surveillance on foreign currency purchases made by individuals. The country is also expected to further strengthen the punitive measures on illegal currency outflows. However, it is likely to keep the current $50,000 annual individual quota intact.
China Southern Airlines Posts 10.4% Profit Decline on Forex Losses
| Charissa Echavez | | Aug 31, 2016 11:34 AM EDT |
In the first six months of this year, China Southern Airline's sales dropped by a significant 10.4 percent from 3.48 billion yuan ($520.9 million) a year earlier to 3.11 billion yuan ($467 million) as China suffers from foreign exchange losses.
China Allows More Foreign Institutions on Forex Market
| Mars Woo | | Jan 12, 2016 09:16 AM EST |
In a bid to promote China's inter-bank foreign exchange (forex) market, the People's Bank of China (PBOC), the country's central bank, has allowed the entry of seven more foreign institutions into the market.
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