Treasurers need to understand the Chinese regulator's thinking when handing cross-border transactions. Its priority now is ensuring such transactions are authentic.
The central bank seeks to establish a list of commodities that can be hedged by all companies with direct exposure. In step, it also plans to allow greater FX hedging activity.
There are signs China’s central planners are keen to throw in the towel on the renminbi as enthusiasm for supporting it with valuable foreign currency reserves wanes.
Hong Kong will finally have a policy framework for an open application programme interface, cutting payment barriers and enhancing competition in the payment services sector
At a time when regulatory pressure has forced large Chinese conglomerates such as Wanda to wind back overseas acquisition, the forex regulator says Beijing is still open for business.