Latest news with #foreignCurrency
Bloomberg
28-05-2025
- Business
- Bloomberg
Taiwan Considers Easing Rules for Insurers After Currency Swings
Taiwanese insurers are facing difficult questions about the damage of recent swings in the local currency. Regulators may have a partial solution: letting firms change how they calculate the value of foreign currency assets. The island's financial regulator is considering allowing insurers to use six-month average exchange rates when they calculate risk-based capital in their semi-annual reports, a shift from the current system where insurers use exchange rates on the final day of reporting.
Zawya
23-05-2025
- Business
- Zawya
China to allow more flexible use of money raised via overseas share sales
China published draft rules on Friday to allow overseas-listed Chinese companies to use share sale proceeds more flexibly, in a bid to promote offshore listings. Funds raised from overseas listings that are remitted back to China in foreign currencies can be voluntarily converted into yuan and used at the company's discretion, China's central bank and forex regulator said. Regulators will also streamline registration process for offshore share sales, according to the rules. (Reporting by Beijing and Shanghai newsroom; Editing by Aidan Lewis)
Reuters
22-05-2025
- Business
- Reuters
Russia extends mandatory sale of forex revenue by exporting companies
MOSCOW, May 22 (Reuters) - The Russian government said on Thursday that it had extended until April 30, 2026 a requirement for major exporters to sell a certain proportion of their foreign currency earnings. Major exporters must repatriate at least 40% of their foreign currency earnings and sell at least 90% of the repatriated earnings on the domestic market from May 25, the government said.
