Tag: State Administration of Foreign Exchange

February 27, 2017 BY Valentina Kirilova

China regulator SAFE to tighten foreign currency supervision

China's FX regulator just announced that it will strengthen supervision of the foreign exchange market in 2017, while improving policy transparency and promoting the further opening of financial markets, as reported by Reuters. Chinese authorities are working recently on supporting the weakening yuan currency, while trying to attract more foreign investment. Pan Gonsheng, head of the…

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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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January 06, 2015 BY Mike Fox

China orders banks to check for illegal activity in the Forex market

These checks will help banks "curb illegal FX operations and criminal activities" and limit their risk exposure, China's State Administration of Foreign Exchange (SAFE) said. In the press conference held today, Wang Yungui, director of the Comprehensive Department at the SAFE also made note of FX margin trading...

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