The document provides an overview of the regulatory framework and approach to exchange controls in China, including the roles of SAFE, PBOC, and CBRC. It discusses the managed float regime, the CNY effective exchange rate, and the types of foreign currency accounts for Foreign Investment Enterprises. It also covers onshore CNY products such as FX spot, FX forward, swap, and long-dated FX forward, including regulatory requirements and trading details.
doj/DataSet10/EFTA01379382.pdf
{"title":"EM Currency Handbook 2018: Still Fuel in the Tank","document_date":"2017-12-22","document_type":"financial","key_locations":["China","Beijing"],"document_subtype":"report","key_organizations":["State Administration of Foreign Exchange (SAFE)","People's Bank of China (PBOC)","Central Banking Regulatory Commission (CBRC)","China Foreign Exchange Trade System (CFETS)","Deutsche Bank Securities Inc."],"reference_numbers":["DB-SDNY-0076812","SDNY_GM_00222996","EFTA01379382"]}