China’s SAFE: Will steadily push forward opening up of domestic financial derivative market in 2021

The State Administration of Foreign Exchange (SAFE), China’s fx regulator, said in a statement on Friday, it will steadily push forward opening up of the domestic financial derivative market in 2021.

Additional headlines

“Will appropriately increase overall QDII quota in 2021.”

“Will study impact on China's balance of payments, yuan exchange rates, financial market from overseas unconventional stimulus policies.”

“Will step up monitoring of foreign capital flows in and out of china's stock and bond markets.“

“Will study feasibility of allowing individuals to invest in overseas securities, insurance within the annual quota of $50,000 per person.”

more to come ...