Announcement by the People's Bank of China (PBOC) and the State Administration of Foreign Exchange
Foreign Exchange
Foreign exchange (forex) represents the practice of exchanging or converting a specific country’s currency into another country’s currency. A popular example includes the conversion of the Australian dollar (AUD) into US dollars (USD), and/or vice versa. There are a variety of mediums this can occur over. In its most basic form, the exchange of currencies can be handled over a physical counter, such as in an airport or currency exchange.This can also take place over the internet through the use
Foreign exchange (forex) represents the practice of exchanging or converting a specific country’s currency into another country’s currency. A popular example includes the conversion of the Australian dollar (AUD) into US dollars (USD), and/or vice versa. There are a variety of mediums this can occur over. In its most basic form, the exchange of currencies can be handled over a physical counter, such as in an airport or currency exchange.This can also take place over the internet through the use
Read this Term (SAFE):
Will raise the macro-prudential adjustment parameters for cross-border financing from 1 to 1.25. this will allow corporates and banks' to boost cross-border financing and potentially increase foreign capital inflows.
-
This is a positive sign from China and should lend a boost to stocks there today. After yesterday, its needed.
Earlier:
