Reuters first to report China’s FX regulator surveyed banks, companies on yuan risk

Last Updated on 04/09/2021 by


Business & Finance

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.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: FX & Fixed Income

Regions: Asia

Countries: China

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story



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