Free Trial

Boost Cross Border FX Facilities - SAFE

CHINA PRESS

China will implement policies to improve cross border FX transfers to boost trade and support the real economy, according to the State Administration of Foreign Exchange. In an article, SAFE said new policies will allow more SMEs access to high-quality FX services and banks will have more credit-management autonomy. Additionally, financial institutions will be guided to facilitate trade settlement for new business models such as cross-border e-commerce. Officials will establish four pilot zones where banks can provide more cross-border fund settlement facilities for compliant FX exchange receipts and payments. (Source: Yicai)

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.