Wednesday, June 02, 2021

China - People's Bank of China (PBOC) raises requirement for banks' forex deposits

China's central bank has decided to increase the amount of foreign-currency deposits that financial institutions need to hold as reserves starting on June 15, a move aimed at curbing sell-offs of foreign currencies after the renminbi's value climbed to a record high.

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Australia: Changes to Training visa (subclass 407) application requirements

The Australian Government is updating Training (subclass 407) visa application requirements to ensure the program supports genuine skills de...