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Yuan payments. The CNAPS, launched in 2008, allows the Chinese central bank, the People’s Bank of China, to provide real-time settlement services for all payments cleared in mainland China, as well as in all clearing banks in offshore yuan centres, such as Hong Kong.
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China held 62.64 million fine troy ounces of gold at the end of October, unchanged from September. The value of the gold reserves fell to $117.89 billion at the end of October from $118.20 billion
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China held 62.64 million fine troy ounces of gold at the end of October, unchanged from September. The value of the gold reserves fell to $117.89 billion at the end of October from $118.20 billion EMEA stocks, FX rise as China's economic recovery quickens Back to video Policymakers globally are pinning their hopes on a robust recovery in China to help restart demand as economies struggle with heavy lockdowns and a second wave of coronavirus infections. Forex news for Asia trading for Monday 19 October 2020. China Q3 GDP recap: YTD growth +0.7% ; Oil - there is an OPEC+ JMMC meeting Monday 19 October 2020 ; China Q3 GDP +2.7% q/q (expected +3.3%) China FX Committee (Individual Based) Representatives from Public Authorities Senior Practitioners from Key Market Participants Senior Experts in the FX Market Guidance Implementation & Feedback FX Market Self-Disciplinary Mechanism (Institution Based) Interbank FX (Wholesale) Market Code of Conduct Working Group Retail FX and Cross-Border RMB China's central bank said it will lower the reserve requirement ratio for financial institutions when conducting some foreign exchange forwards trading to zero with effect from Monday. China is the only major global economy projected to grow by 1.9% this year and by 8.2% in 2021. Among the main risks for China, experts highlight the deterioration of US-China trade relations and uneven recovery of other countries from the coronavirus pandemic. CFETS adheres to the principles of “multiple technical approaches, varied trading mechanisms and integrated demands from multi-tiered markets,” and is committed to developing infrastructure and providing innovative products and mechanisms for the China interbank market.