A teller counts and arranges dollar notes at an Agricultural Bank of China branch in Qionghai, Hainan province. [Photo/China Daily] China is likely to continue to reduce the share of United States debt in its overall foreign exchange reserves as it ramps up efforts to diversify foreign asset portfolios to reduce risk exposure, experts said … Continue reading China seen continuing to cut US debt holdings
Tag: exchange
China unveils new measures to streamline foreign exchange business processes
A teller counts and arranges dollar notes at an Agricultural Bank of China branch in Qionghai, Hainan province. [Photo/China Daily] BEIJING – The State Administration of Foreign Exchange (SAFE) released a circular on Sunday, announcing the introduction of six measures aimed at optimizing foreign exchange business processes. According to the circular, these newly-introduced measures are … Continue reading China unveils new measures to streamline foreign exchange business processes
New board for niche sector SMEs begins trading
The new board for small and medium-sized companies specializing in niche sectors, commanding high market share and boasting strong innovation capacity started trading at the Shanghai Equity Exchange on Monday, with the first batch of 162 companies successfully floated. The new board is directly connected to the China Securities Regulatory Commission, the country’s top securities … Continue reading New board for niche sector SMEs begins trading