Latest news with #StateAdministrationOfForeignExchange
Reuters
18-06-2025
- Business
- Reuters
China's forex regulator vows to fend off external shocks
SHANGHAI, June 18 (Reuters) - China's foreign exchange regulator on Wednesday vowed to keep the yuan exchange rate basically stable and fend off external shocks and risks. Speaking at the Lujiazui Forum in Shanghai, Zhu Hexin, head of the State Administration of Foreign Exchange, said China's ability to counter forex market volatility has improved. China will set up a forex management policy evaluation mechanism, and improve the rules for qualified foreign investors, he said.
Bloomberg
09-05-2025
- Business
- Bloomberg
Chinese Investment Abroad Surged 28% as Trump Launched Trade War
China's overseas investment surged during the first months of Donald Trump's presidency, as its factories expand their footprint abroad in the face of threats from US tariffs. Chinese firms increased their international assets by about $48 billion in the first quarter, according to preliminary data from the State Administration of Foreign Exchange on Friday. That's an increase of 28% from the same period in 2024.
