People's Bank of China, Circular on Strengthening the Macro Prudential Administration of Forward Exchange Sales

中国人民银行关于加强远期售汇宏观审慎管理的通知

Risk reserve contributions required for forward exchange sales.

1 minute readSeptember 15, 2015 at 12:12 PM

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Issued: August 31 2015

Effective: as of date of issuance

Main contents: Commencing from October 15 2015, financial institutions (including finance companies) that engage in forward exchange sale agency business for their customers shall contribute to an exchange risk reserve.

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