Official: China's forex market more resilient

China's forex market is resilient against the COVID-19 pandemic, and the yuan's exchange rate has remained generally stable despite fluctuations, said a spokesperson for the country's forex regulator at an SCIO briefing on Friday.

January 22, 2021

China's forex reserves rise in 2020

By the end of 2020, China's foreign exchange reserves had totaled US$3.2165 trillion, an increase of US$108.6 billion from the end of 2019.

January 22, 2021

Two-way opening-up of financial market will be bolstered

China's foreign exchange regulator highlighted specific measures on Friday to further promote two-way opening-up of the financial market, mainly through steadily freeing up cross-border capital flows and improving the renminbi exchange rate regime.

January 24, 2021

Chinese banks report net forex purchase

Chinese banks saw a net foreign exchange purchase in 2020 as the yuan's exchange rate remained generally stable despite increasing fluctuations, data from the country's forex regulator showed Friday.

January 22, 2021