China to help enterprises fend off foreign exchange rate risks

By Luo QiUnreguser

BEIJING, May 26 (Xinhua) -- Chinese authorities have decided to help foreign trade enterprises fend off foreign exchange rate risks amid a volatile international financial market situation.

The country will optimize risk hedging products and services, and further facilitate cross-border payments of the Chinese renminbi (RMB), according to a circular jointly released by the Ministry of Commerce, the People's Bank of China and the State Administration of Foreign Exchange.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 48
Cxense type: NA
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Next In World

Forget 'arguments of the past,' UK's Labour sets out Brexit plan
Russia says it will respond in kind to Bulgaria after diplomatic expulsions
Turkey halts Russian ship, investigates Ukrainian claims -senior official
United Arab Emirates doubles support for low-income Emirati families
Ukraine says it has raised its flag again on Snake Island
UN rights mission finds 'probable' mass graves in Libya
Man suspected of organising killing of Dutch crime reporter arrested
Boeing wants more workers in the office to ramp up production. Not everyone wants to go back
Search efforts resume after glacier collapse in Italian Alps
Putin will not congratulate Biden on July 4, Kremlin says

Others Also Read