The Chinese financial regulatory authorities have continued to pay attention to the foreign exchange market. It is reported that some banks have recently been required to report data such as foreign exchange transactions to the regulatory authorities outside the conventional data report.
According to Bloomberg News on Friday (August 4), people familiar with the matter said that at least three Chinese -funded joint -stock banks received notice from the State Administration of Finance and Administration at the end of July this year, asking banks to submit foreign exchange and precious metal transaction volume history data.Including the quarterly and annual data of the period and derivatives.
Commercial banks in China usually need to submit operating reports in the previous quarter at the beginning of each quarter, including data such as foreign exchange risk exposure, which are different from transaction volume data.
People familiar with the matter said that the banks in China have submitted a routine bank business report to the regulatory agency in early July.
It is not clear that the official officials are not yet clear about the purpose of the bank's request for submitting additional data.
In addition, people familiar with the matter revealed that a city commercial bank was named in July for the excessive radical foreign exchange self -operated transaction.In 2021, the foreign exchange self -discipline organization consisting of major banks has proposed to limit this proportion to 15 times or within.The above -mentioned persons said that the current data survey of the State Administration of Financial Supervision's joint -stock banks is not clearly related to the matter.
The pressure of RMB depreciation in the first half of this year has increased, and ministries and commissions, including the Central Bank of China and the Foreign Exchange Bureau, have increased their research on the banking industry.Emotional aspects.In the second half of this week's work conference held this week, the People's Bank of China and the Foreign Exchange Bureau pointed out that it is necessary to strengthen and improve the supply of foreign exchange policies and maintain the steady operation of the foreign exchange market.The meeting also requested to promote the long -term mechanism of banks' exchange rate risk management services, and strengthen support for the exchange rate avoidance of key entities.
Affected by factors such as the sharp upside down of Sino -US spreads, weak China's macroeconomic trend, and seasonal Chinese -funded Hong Kong stocks, such factors, the renminbi fell below 7.2 yuan at the end of June, and in July also in July.It has fallen to a new low in the past eight months.The exchange rate of the RMB against the US dollar has depreciated 3.6%since this year, and it is one of the worst currencies in Asia.
Reuters on Tuesday (August 1) quoted two people familiar with the matter.To slow down the depreciation of the renminbi.
The State Administration of Finance and Administration of China was officially listed in May this year. It is responsible for the supervision of the financial industry in addition to the securities industry, including strengthening risk management and prevention and disposal, investigating and punishing violations of laws and regulations in accordance with the law.The implementation of the implementation of the foreign exchange market is mainly borne by the central bank and the Foreign Exchange Bureau.
