Tag: trading band

Regulatory roundup: China mulls abandoning loan-to-deposit rule; Hong Kong licenses Goldman Sachs subsidiary; China cancels shipping fees.

Regulatory roundup: Vietnam opens non-performing loans market to foreign investors; China's foreign exchange unit inks deal with CME Group; Europe and Vietnam agree on free trade deal

China’s central bank has not given any indication it will widen the renminbi trading band, as the cabinet instructed last week, which has disappointed market participants.

Banks disagree on the foreign exchange implications of the PBOC’s announcement of a wider renminbi trading band, but advise SMEs to switch to invoicing in renminbi.