People's Bank of China, Announcement on Enlarging the Floating Range of the Transaction Price Between the Renminbi and US Dollar on the Interbank Spot Foreign Exchange Market

中国人民银行关于扩大银行间即期外汇市场人民币兑美元交易价浮动幅度的公告

June 02, 2007 | BY

clpstaff &clp articles &

Renminbi allowed to appreciate further.

Clp Reference: 3600/07.05.18 Promulgated: 2007-05-18

Issued: May 18 2007

Main Contents: With effect from May 21 2007, the floating range of the transaction price between the renminbi and US dollar on the interbank spot foreign exchange market shall be enlarged from plus or minus 0.3% to plus or minus 0.5%.

Related Legislation: Circular on Further Improving Administration of the Exchange Rates for Transactions on the Interbank Foreign Exchange Market and the Posted Exchange Rates of Designated Foreign Exchange Banks, Sep 14 2005, CLP 2005, No.8 p.6

clp reference:3600/07.05.18promulgated:2007-05-18

This premium content is reserved for
China Law & Practice Subscribers.

  • A database of over 3,000 essential documents including key PRC legislation translated into English
  • A choice of newsletters to alert you to changes affecting your business including sector specific updates
  • Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
For enterprise-wide or corporate enquiries, please contact our experienced Sales Professionals at +44 (0)203 868 7546 or [email protected]