Business · 2026-11-03 · Morning briefing
China moves to ease foreign exchange rules for businesses
China's currency regulator has outlined plans to simplify foreign exchange settlements and streamline payments for cross-border trade. The State Administration of Foreign Exchange on Monday released a draft notice for public consultation, detailing nine measures intended to lower transaction costs and facilitate international commerce. The proposals focus specifically on current-account transactions, which cover the day-to-day trade in goods and services.
Among the key proposals is a scheme facilitating foreign exchange receipts and payments for cross-border trade, which will be rolled out nationwide from January 1st. According to the regulator, the proposals aim to “broaden the applicable scenarios, scope and types of services” and “further reduce businesses’ fund settlement and transaction costs”.
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- China's central bank raises forex reserve requirement ratio to 6% amid yuan's gains; move could help curb excessive market swing: expert
- China moves to simplify forex settlements and make cross-border business easier
- China raises foreign-currency reserve ratio to curb yuan's rapid rise
- China moves to facilitate current account forex transactions
- China moves to electric taxis to ease Hormuz oil scarcity issues
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