People's Bank of China, Circular on Strengthening the Macro Prudential Administration of Forward Exchange Sales

中国人民银行关于加强远期售汇宏观审慎管理的通知

September 15, 2015 | BY

clpstaff &clp articles &

Risk reserve contributions required for forward exchange sales.

Clp Reference: 3810/15.08.31 Promulgated: 2015-08-31 Effective: 2015-08-31

Issued: August 31 2015

Effective: as of date of issuance


Main contents: Commencing from October 15 2015, financial institutions (including finance companies) that engage in forward exchange sale agency business for their customers shall contribute to an exchange risk reserve. The rate for the reserve is provisionally set at 20% (Article 1).


The exchange risk reserve deposited by a financial institution with the People's Bank of China shall be frozen for one year (Article 4). The interest rate for the exchange risk reserve is provisionally set at 0% (Article 5).



clp reference:3810/15.08.31promulgated:2015-08-31effective:2015-08-31

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