For the full year of 2023, the country's forex reserves rose by $110.29 billion while gold reserves were up by 7.23 million ounces. The SAFE attributed the increase to the comprehensive impact of exchange rate conversions and changes in asset prices. The prices of global financial assets increa...
said that any single market volatility has limited impact on China’s foreign exchange reserves. It will also strengthen the resilience of the forex market, stabilize market expectations, enhance market management, and prevent the RMB exchange rate overshoot, Zou noted.On...
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an official of the PBOC, said the central bank will continue to promote market-oriented reform and flexibility of the RMB exchange rate, which will be given full play to the role of regulating the macro economy and stabilising balance of payments. The PBOC vowed to keep the yuan stable and ...
Hong Kong Exchanges and Clearing (HKEX), operator of Asia’s third-largest stock market, said its first-quarter profit reached a record high, thanks to more new listings and increased turnover. Net profit rose 37 percent to HK$4.08 billion in the first three months, the exchange said on ...
During a State Council policy briefing on foreign trade Wednesday morning, Zhou Yu, an official of the PBOC, said the central bank will continue to promote market-oriented reform and flexibility of the RMB exchange rate, which will be given full play to the role of regulating the macro econom...
leapfrog development. With strong support from the government, Macao has fully leveraged its unique advantages, resulting in a staggering leap in GDP from 51.9 billion Macao patacas to an impressive 379.5 billion patacas in 2023—approximately $47 billion based on the 2023 average exchange rate....
The multiple exchange rate regime led to the emergence of different exchange rates in the three major segments of the foreign exchange market, namely the official market, the Investors and Exporters (I&E) window also known as NAFEX, and the parallel market. ...
The wholly-owned unit that US chipmaker Intel established in China’s tropical tax-free tourist destination Sanya has officially kicked off operation. Intel Integrated Circuit (Hainan) started operation on April 8, according to the official website of Hainan’s provincial government. It will provide...
Official data showed the surveyed urban unemployment rate stood at 5 percent in September, down from the average rate of 5.3 percent seen in the first three quarters. 10月26日,人力资源和社会保障部举行2023年三季度新闻发布会,人社部新闻发言人、政策研究司副司长陈峰表示,前三季度,各级人社部门推进人力...