Tag: state administration of foreign exchange

Time taken for cross-border trade payments to be cut to minutes from days under the programme. Pilot could go nationwide in due course, banker says

After a two-year suspension, China’s forex authority outlined last week it would make it easier for foreign companies to implement cross-border liquidity and payment structures once more

Corporates face curbs on 'irrational' outbound deals and stronger scrutiny of big-ticket FX transactions under the capital account, regulators confirm.

As government regulators try to stem capital outflows, big-ticket FX purchases and settlements under corporate capital account items face tougher scrutiny.

China’s central bank might move to introduce greater flexibility to renminbi’s exchange rate, which in turn would increase the currency’s two-way volatility, according to HSBC.

China has decided to extend voluntary settlement of foreign exchange capital nationwide to make FX capital settlement easier for foreign-invested enterprises.