The People's Bank of China (PBC), the country's central bank, on Monday revealed an extension of its local currency swap agreement with the European Central Bank (ECB) for another three years, in a fresh sign of closer ties between the two major currencies amid mounting pressure from a strong US dollar.

At the end of December 2021, Germany's net external assets stood at €2,545 billion, thus amounting to around 71% of nominal gross domestic product (GDP).

The amount marked a decline of $25.9 billion or 0.85 percent compared with the end of August, SAFE said in a statement.

An additional amount of HK$2.5 billion of the outstanding 3-year Bonds (issue no. 03GB2504) will be on offer.

The Committee votes unanimously to raise the policy rate by 0.25 percentage point from 0.75 to 1.00 percent, effective immediately.

China's national financial stability fund has accumulated a certain amount of capital with its initial framework established, marking a critical step for the country to strengthen its financial safety net against rising global financial fragility, experts said on Tuesday.

The Beibu Gulf and the Guangdong-Hong Kong-Macao Greater Bay Area have further strengthened their cooperation by signing a series of cooperation projects in Nanning, Guangxi Zhuang autonomous region, ahead of the opening of the 19th China-ASEAN Expo.

Brief Introduction The Shanghai-Hong Kong Stock Connect was officially launched in 2014. The stock connect established a two-way trading link between the Shanghai Stock Exchange (SSE) and the Stock Exchange of Hong Kong Limited (SEHK), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX). The stock connect allows qualified mainland China investors to access eligible Hong Kong shares (Southbound) as well as Hong Kong and overseas investors to trade eligible A shares (Northbound) subject to a certain amount of daily quota.

Pursuant to the Detailed Rules for the Administration of Tiered Management of Debt Financing Instruments of Overseas Non-financial Enterprises, overseas seasoned enterprises may prepare one set of registration documents covering multiple types of debt financing instruments, including super short-term commercial paper (SCP), commercial paper (CP), medium-term notes (MTN), perpetual notes (PN), asset-backed notes (ABN) and green notes (GN), and apply for DFI Registration. To further facilitate the issuance of panda bonds by overseas unseasoned enterprises, the pilot program will allow overseas unseasoned enterprises to apply for DFI Registration and set a registration amount at the time of registration.

CSDC signed MOU with 11 oversea institutions of this industry and carried out various cooperative activities.

During January to July 2022, the accumulative amount of foreign exchange settlement and sales by banks was RMB 10095.0 billion and RMB 9555.6 billion, respectively.

The Hong Kong Monetary Authority announced today 7th September that the official foreign currency reserve assets of Hong Kong amounted to US$431.8 billion as at the end of August 2022 (end-July 2022: US$441.8 billion).