State Administration of Foreign Exchange (Safe)
China FX reserves rebound for first time in eight months
PBoC figures show a rise of $6.9 billion in February, pushing the total above $3 trillion
China’s FX reserves fall again in December, but decline slows
Latest PBoC figures show a drop of $41 billion in December to $3.01 trillion, the sixth consecutive month of decline
Renminbi drops to six-year low
Figures from Safe show a net $44.7 billion worth of payments in the currency left China in November
China to create own version of FX code
A newly established Chinese FX Committee is working on creating a Chinese version of the Global Code of Conduct, for domestic and foreign banks operating in the onshore market
China key to euro fortunes
Simon Derrick, global head of FX strategy at Bank of New York Mellon in London says China’s fortunes are tightly entwined with those of the euro
db x-trackers offered in dollar, sterling, franc
FRANKFURT - Deutsche Bank plans to launch dollar, sterling and Swiss franc- based versions of its four euro-based db x-trackers currency exchange-traded funds (ETFs) by year-end.
Yuan debate reignites
Simon Derrick, chief currency markets strategist at BNY Mellon in London, says the November G-20 meeting could be critical as the US and China set out their respective cases for the direction of the Chinese yuan
