Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
PBOC Issues 'Provisions on Administration of Interbank FX Mkt' to Reinforce Supervision, Maintain Stable Operations
Recommend 25 Positive 57 Negative 12 |
||||
|
||||
|
The People's Bank of China (PBOC) revised the "Interim Provisions on the Administration of the Interbank Foreign Exchange Market" and promulgated the "Provisions on the Administration of the Interbank Foreign Exchange Market" (Order No. 13 of the PBOC [2025]), which will come into effect on February 1, 2026. The new regulations are based on the development changes and regulatory practices of China's interbank foreign exchange market, integrating relevant institutional regulations to form a systematic regulatory framework and requirements. The main content includes strengthening supervision of the interbank foreign exchange market, specifying corresponding requirements in areas such as trading venues, qualification conditions, quotation norms, transaction clearing rules, information management, data services, and self-regulation, achieving full coverage of business supervision. The regulations aim to maintain stable operations of the foreign exchange market, standardize the rights and obligations of interbank foreign exchange market infrastructure, domestic and foreign financial institutions, currency brokers, and financial information service providers, requiring adherence to principles of openness, fairness, justice, and honesty, and protecting the legitimate rights and interests of market participants. Next, the PBOC and the State Administration of Foreign Exchange (SAFE) will continue to improve interbank foreign exchange market management, deepen foreign exchange market development, and maintain stable operations of the foreign exchange market. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
