CNY (RMB) 02 (Feb 16 - Dec 25)

[behappyalways]

Yuan Strengthens after China Announces Plans to Expand Currency Basket
http://www.caixinglobal.com/2016-12-30/101032215.html

[winston]

China's new rules on yuan transfers are not capital controls

BEIJING: China's new rules on overseas currency transfers are not capital controls, the official Xinhua news agency reported, even as some banks told customers that purchases of foreign currency for property, securities and life insurance were not allowed.

Starting in July 2017, banks and other financial institutions in China will have to report all domestic and overseas cash transactions of more than 50,000 yuan ($7,201), compared with 200,000 yuan previously, the central bank said on Friday.

Banks will also need to report any overseas transfers by individuals of $10,000 or more.

Source: The Star

http://www.thestar.com.my/business/busi ... -controls/

[behappyalways]

內地人購滙　禁境外買股樓　
須填寫申請書　
或轉用地下渠道滙款
http://hk.apple.nextmedia.com/financees ... 3/19884816

[winston]

[b]Yuan Soars As China Considers Ordering Companies To Repatriate Dollar[/b]

By Shuli Ren

The Chinese yuan in offshore trading soared 1.3% overnight, the largest one-day gain in at least a year, after Bloomberg reported that the Chinese government was considering new options to support the currency which fell 7% against the U.S. dollar last year. This was the biggest yearly decline since 1994.

The most interesting measure Bloomberg mentioned was that if necessary, the government may order its state-owned enterprises to “temporarily convert some [foreign currency] holdings into yuan under the current account.”

Bloomberg also mentioned China may sell its U.S. Treasury holdings to prop up the yuan if necessary.

The People’s Bank of China guided its yuan fix higher to 6.9307 this morning from 6.9526 on Wednesday. The offshore yuan fell 0.3% to 6.8860 after last night’s rally.

Source: Barron's Asia

http://blogs.barrons.com/asiastocks/201 ... te-dollar/

[behappyalways]

中央擬強制國企減持外幣兌換作人幣
嚴防走資　離岸人幣大反彈
http://hk.apple.nextmedia.com/financees ... 5/19886803

[behappyalways]

China Can't Quit the Dollar
https://www.bloomberg.com/view/articles ... dependency

[behappyalways]

中國外儲連跌6個月
專家：本月失守3萬億美元成數高
http://hk.apple.nextmedia.com/financees ... 8/19889770


China Admonishes Bitcoin Exchanges as Yuan Slides
http://www.caixinglobal.com/2017-01-07/101041598.html

[behappyalways]

Chinese yuan’s muscle-flexing didn’t last long
http://www.cnbc.com/2017/01/08/chinese- ... -long.html

[behappyalways]

China's Currency Policies Need an Overhaul
https://www.bloomberg.com/view/articles ... n-overhaul

[behappyalways]

Banks forced to cover tracks of China's forex regulator
http://www.cnbc.com/2017/01/11/banks-fo ... lator.html