Forex News: China To Follow Its Own Path On Yuan Forex Trading: Yesterday President Barak Obama urged China to move towards a “more market-orientated exchange rate” and President Hu Jintao responded that China would not be pushed by external pressure and would instead base any decision on the Yuan on its own economic needs. But he also made clear that China was committed to reform. The two heads of state met yesterday in Washington for the first time since Sino-US tensions about the Yuan threatened to escalate into a serious trade dispute. Both leaders chose their words carefully and in the view of investors left the door open for Beijing to resume appreciation in the coming…. Click Here to Read More
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Posts Tagged ‘China’
China Lifts Reserve Requirement Ratio
January 20th, 2011 
kk China Lifts Reserve Requirement Ratio (RTTNews) – China’s central bank on Friday decided to raise banks’ reserve requirement after taking such measures six times in 2010 to absorb excess liquidity. The latest move came after bank lending exceeded target in 2010 and foreign reserves hit a new high. Read more on INO News Risk Reward Ratios Student’s Question: To tell you the truth I still don’t understand the Risk – Reward Ratio. Can you please give an example of this in a trade i.e. if trading EUR/USD how to apply this in a chart? If you can show this in a chart that will be great. Read more on Daily FX USDCAD: Candles Reveal Mixes Cues USDCAD put in a bullish Piercing…. Click Here to Read More
China To Strengthen Punishment For Illegal Forex Activities To Curb Hot Money Inflows
August 1st, 2010 kk China To Strengthen Punishment For Illegal Forex Activities To Curb Hot Money Inflows BEIJING, July 30 (Bernama) — The State Administration of Foreign Exchange (SAFE) said it will increase punishments for illegal foreign exchange activities, state-media reports Thursday. Read more on…. Click Here to Read More
Posted in Forex News 
Tags: activities, China, Curb, Forex, illegal, Inflows, Money, Punishment, Strengthen 
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China forex regulator revises up current, capital account 1Q surpluses
July 8th, 2010 kk China forex regulator revises up current, capital account 1Q surpluses China posted bigger surpluses in its current, capital and financial accounts in the first quarter of this year than it previously estimated, the State Administration of Foreign Exchange (SAFE) said on its website Monday. Read more on People’s…. Click Here to Read More
Posted in Forex News Tags: account, capital, China, current, Forex, regulator, revises, surpluses No Comments »(AFX UK Focus) 2010-06-29 10:45 China simplifies overseas forex lending procedures
July 2nd, 2010 kk (AFX UK Focus) 2010-06-29 10:45 China simplifies overseas forex lending procedures BEIJING, June 29 (Reuters) – China is streamlining procedures for overseas lending in foreign currencies, the State Administration of Foreign Exchange (SAFE) said on Tuesday. SAFE, the currency regulator, said it would devolve to its regional bureaux the scrutiny of applications by companies for permission to make overseas forex loans beyond their set limits. Local SAFE branches wwould also be … Read more on Interactive…. Click Here to Read More
Posted in Forex News Tags: 1045, 20100629, China, Focus, Forex, lending, overseas, procedures, simplifies No Comments »
China Said to Review Euro Zone Debt Holdings
May 27th, 2010 kk China Said to Review Euro Zone Debt Holdings China is reviewing its euro zone bond holdings because of growing concerns about gaping deficits in countries including Greece and Portugal, The Financial Times reported on Wednesday. Read more on New York…. Click Here to Read More
(AFX UK Focus) 2010-03-18 01:21 China adviser proposes forex transaction tax-paper
March 19th, 2010 kk (AFX UK Focus) 2010-03-18 01:21 China adviser proposes forex transaction tax-paper BEIJING, March 18 (Reuters) – China should consider a tax on foreign exchange transactions to curb hot money flows, an adviser to the bank regulator said in remarks published on Thursday. Andrew Sheng, chief adviser to the China Banking Regulatory Commission, said the purpose of the tax was not to increase transaction costs but to identify who was speculating in the currency market, the China … Read more on Interactive…. Click Here to Read More
Posted in Forex News Tags: 0121, 20100318, adviser, China, Focus, Forex, proposes, taxpaper, transaction No Comments »
