Business & Finance
30 August 2021, 2:07 pm. 1 minute
Reuters was first to report that China’s currency regulator, the State Administration of Foreign Exchange (SAFE), has been conducting a rare survey of banks and companies to ask about their risk management processes and ability to handle volatility in the yuan. The SAFE did not give a reason for the survey, but its timing suggests Chinese authorities are girding for currency volatility as the Federal Reserve and other major central banks wean economies off massive pandemic-era stimulus, and are keen to avoid a repeat of the violent yuan slide during U.S. tightening in 2015-2016.
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: FX & Fixed Income
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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