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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China - Integrated 'Join in Card' launched for expats

China recently issued its first integrated foreigner's work permit and social security card to provide more convenience for foreigners l...