Tag Archives: State Administration of Foreign Exchange

Central bank deputy governor Pan Gongsheng said that as China’s economy recovers and the interest rate differential with the US stabilises, the yuan’s role as a safe-haven asset will become more prominent. Source link

China increased its gold reserves for the first time since September 2019 in November, with increased purchases expected amid Beijing’s diversification efforts and international financial market volatility. Source link

China’s central bank said in a draft law released on Wednesday that the existing legal framework to mitigate financial risks is disorganised and ‘lacks overall design’. Source link