China Foreign Exchange Trade Center website March 10 news, in order to meet the requirements of market development, agreed by the People's Bank of China, China Foreign Exchange Trade Center decided to expand the floating range of the exchange rate of RMB against the Russian ruble in the interbank foreign exchange market, is announced as follows: Since March 11, 2022, the floating range of the spot trading price of RMB against the Russian ruble in the interbank foreign exchange market has been expanded from 5% to The spot trading price of RMB against the Russian ruble in the interbank foreign exchange market can float within a range of 10% above and below the mid-price of RMB against the Russian ruble announced by the China Foreign Exchange Trade Center.
Hong Kong stocks rose another 1,000 points as the HKMA raised interest rates in line with expectations and favorable policies were passed around. The Hang Seng Index rose 7.04% today, recovering the 21,000-point barrier in one fell swoop, with real estate, medical and Internet performing best today.
The company's main business is to promote the development of the property market.
Friday, late in New York, the dollar index rose 0.21% to 98.23, non-U.S. currency performance divergence, the euro fell 0.38% against the dollar at 1.1051, the pound rose 0.19% against the dollar at 1.3178, the Australian dollar rose 0.52% against the dollar at 0.7414, the dollar rose 0.46% against the yen at 119.14, the dollar fell 0.55% against the Swiss franc at 0.9318. The offshore yuan fell 27 basis points to 6.3671 against the U.S. dollar.
Recently are talking about the impact of the Federal Reserve interest rate hike on our country, in fact, it is very simple, because the dollar is the world's currency, China's implementation of foreign exchange controls, in this case, the Federal Reserve interest rate hike, the dollar deposit bank interest will become higher, there will be a part of the people to invest in other countries or our country's dollars out, to deposit to the United States of America's banks, which in disguise leads to the loss of foreign exchange in China, but also lead to the circulation of Renminbi becomes less, the impact on us is a disguised austerity, coupled with the domestic economic environment, so the market began to have a part of the mirth to release water, but the specific release is not waterproof, the Fed's actions are only a reference, and is not the basis for deciding whether we release water, mainly to our own economic operation!
If the U.S. really start to sanction China, then the capital will run faster, the RMB exchange rate will depreciate rapidly, foreign exchange reserves will be reduced very quickly, the bank is bound to tighten, while with the depreciation of the exchange rate stocks and bonds will be seriously affected.
Basel III requires the total capital adequacy ratio to remain unchanged at 8% and the Tier 1 capital adequacy standard to be increased from 4% to 6% for the transition period 2013-2019, rising to 4.5% in 2013, 5.5% in 2014 and 6% in 2015;
Recently the Federal Reserve announced a 25 basis point interest rate hike, in line with market expectations, with limited market reaction. Analysts pointed out that the Fed rate hike will not have a significant impact on China's monetary policy for the time being, and domestic monetary policy still has room for relaxation.
Investors are concerned about the conflict between Russia and Ukraine. The global economy is going through a tough time as the epidemic eases and the conflict between Russia and Ukraine continues. As a result, some currencies such as the Russian ruble and the euro have collapsed.