The People's Bank of China continues to sign bilateral currency swap agreements with the central banks of Europe, Switzerland, and Hungary.

Recently, Pan Gongsheng, the Governor of the People's Bank of China, attended the International Bank for Settlements (BIS) annual meeting where he signed bilateral currency swap agreements with Christine Lagarde, President of the European Central Bank, Thomas Jordan, Chairman of the Swiss National Bank, and György Matolcsy, Governor of the Hungarian National Bank. The bilateral currency swap between China and the EU amounts to 350 billion yuan / 45 billion euros, with an effective period of three years. The bilateral currency swap between China and Switzerland amounts to 150 billion yuan / 17 billion Swiss francs, with an effective period of five years. The bilateral currency swap between China and Hungary amounts to 40 billion yuan.

AASTOCKSSep 9, 2025 07:58

The Asian currency reached a multi-year high in 2020; what will happen in 2021? (Includes information on some SGX foreign exchange futures contracts)

In 2020, the low valuations and high yields of some Asian markets, along with signs of recovery in most economies, attracted numerous investors to Asia. The influx of funds into stocks and bonds also led to significant changes in the foreign exchange market, with Asian currencies rising to multi-year highs. What shifts can we expect in the Asian foreign exchange market in 2021?

富途資訊Feb 3, 2021 17:05