State Administration of Foreign Exchange

New Business

My Take | Beijing’s US$3.2 trillion question: how much of China’s forex reserves go to Hong Kong?

China’s central bank chief Pan Gongsheng promised to park more of the country’s US$3.2 trillion foreign exchange reserves in Hong…

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New Business

To boost China’s yuan, central bank makes it easier for firms to borrow more foreign debt

China’s central bank has mounted a stronger defence for the yuan and the domestic foreign exchange market, as the country…

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New Business

Mainland China’s provinces seek overseas capital, with Hong Kong as go-between

Some localities in mainland China are taking active steps to woo overseas capital via Hong Kong as foreign direct investment…

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New Business

Hong Kong signs agreement with People’s Bank of China to enhance Faster Payment System

The Hong Kong Monetary Authority (HKMA) has signed an agreement with the Chinese central bank to promote cross-border linkages for…

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