China's forex market turnover up 10.1% in Jan-Sept

Trading on China's foreign exchange market was active in the first three quarters of this year as it saw a turnover of US$30.27 trillion, up 10.1% year on year, the State Administration of Foreign Exchange said at a press conference Tuesday.

October 23, 2024

Yuan-based assets seen more alluring

Renminbi financial assets are set to attract more foreign investment in the months ahead after foreign holdings of onshore bonds and equities rose amid the country's sharpening policy focus on shoring up asset prices, according to officials and analysts.

October 23, 2024

Chinese banks report forex settlement deficit in first 3 quarters

China's commercial banks saw a forex settlement deficit of $121.3 billion in the first three quarters of this year, official data showed Tuesday.

October 23, 2024

China's forex market sees active trading in first 3 quarters

China's foreign exchange market recorded active trading during the first nine months of this year, demonstrating strong resilience with market expectations and transactions remaining generally rational and orderly, the country's forex regulator said on Tuesday.

October 22, 2024

Foreign holdings of renminbi bonds reach historic high

The yield on renminbi bonds has been good since the start of the year, attracting foreign investors to increase their holdings, an official with the State Administration of Foreign Exchanges said on Tuesday.

October 22, 2024