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Foreign Exchange Reserves Of The People's Republic Of China
The foreign exchange reserves of China are the state of foreign exchange reserves held by the People's Republic of China, comprising cash, bank deposits, bonds, and other financial assets denominated in currencies other than China's national currency (the renminbi). As of May 2025, China's foreign exchange reserves totaled US$3.285 trillion, which is the highest foreign exchange reserves of any country. The management of foreign exchange reserves is governed by the State Administration of Foreign Exchange (SAFE) and the People's Bank of China.About the PBC , People's Bank of China website Size and composition China's foreign exchange reserves are held by People's Bank of China, China's central bank.[...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2024 Foreign Exchange Reserves Of China
4 (four) is a number, numeral and digit. It is the natural number following 3 and preceding 5. It is a square number, the smallest semiprime and composite number, and is considered unlucky in many East Asian cultures. Evolution of the Hindu-Arabic digit Brahmic numerals represented 1, 2, and 3 with as many lines. 4 was simplified by joining its four lines into a cross that looks like the modern plus sign. The Shunga would add a horizontal line on top of the digit, and the Kshatrapa and Pallava evolved the digit to a point where the speed of writing was a secondary concern. The Arabs' 4 still had the early concept of the cross, but for the sake of efficiency, was made in one stroke by connecting the "western" end to the "northern" end; the "eastern" end was finished off with a curve. The Europeans dropped the finishing curve and gradually made the digit less cursive, ending up with a digit very close to the original Brahmin cross. While the shape of the character ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
British Pound
Sterling (Currency symbol, symbol: Pound sign, £; ISO 4217, currency code: GBP) is the currency of the United Kingdom and nine of its associated territories. The pound is the main unit of account, unit of sterling, and the word ''Pound (currency), pound'' is also used to refer to the British currency generally, often qualified in international contexts as the British pound or the pound sterling. Sterling is the world's oldest currency in continuous use since its inception. In 2022, it was the fourth-most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Together with those three currencies and the renminbi, it forms the basket of currencies that special drawing rights#Value definition, calculate the value of IMF special drawing rights. As of late 2022, sterling is also the fourth most-held reserve currency in Foreign exchange reserves, global reserves. The Bank of England is the central bank for sterling, issui ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1997 Asian Financial Crisis
The 1997 Asian financial crisis gripped much of East Asia, East and Southeast Asia during the late 1990s. The crisis began in Thailand in July 1997 before spreading to several other countries with a ripple effect, raising fears of a worldwide economic meltdown due to financial contagion. However, the recovery in 1998–1999 was rapid, and worries of a meltdown quickly subsided. Originating in Thailand, where it was known as the ''Tom yum, Tom Yum Kung crisis'' () on 2 July, it followed the financial collapse of the Thai baht after the Thai government was forced to floating currency, float the baht due to lack of list of circulating currencies, foreign currency to support its currency fixed exchange rate, peg to the U.S. dollar. Capital flight ensued almost immediately, beginning an international chain reaction. At the time, Thailand had acquired a burden of foreign debt. As the crisis spread, other Southeast Asian countries and later Japan and South Korea saw slumping currencies, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Duke University Press
Duke University Press is an academic publisher and university press affiliated with Duke University. It was founded in 1921 by William T. Laprade as The Trinity College Press. (Duke University was initially called Trinity College). In 1926 Duke University Press was formally established. Ernest Seeman became the first director of DUP, followed by Henry Dwyer (1929–1944), W.T. LaPrade (1944–1951), Ashbel Brice (1951–1981), Richard Rowson (1981–1990), Larry Malley (1990–1993), Stanley Fish and Steve Cohn (1994–1998), Steve Cohn (1998–2019). Writer Dean Smith is the current director of the press. It publishes approximately 150 books annually and more than 55 academic journals, as well as five electronic collections. The company publishes primarily in the humanities and social sciences but is also particularly well known for its mathematics journals. The book publishing program includes lists in African studies, African American studies, American studies, anthrop ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kuomintang's Retreat To Taiwan
Following their defeat in the Chinese Civil War, the remnants of the Nationalist government of the Republic of China (ROC), alongside many refugees, retreated to the island of Taiwan (Formosa) beginning on December 7, 1949. The exodus is sometimes called the Great Retreat () in Taiwan. The Nationalist Kuomintang party (KMT), its officers, and approximately 2 million ROC troops took part in the retreat, in addition to many civilians and refugees, fleeing the advance of the People's Liberation Army (PLA) of the Chinese Communist Party (CCP). The CCP, who now effectively controlled most of mainland China, spent the subsequent years purging any remnant Nationalist agents in western and southern China, solidifying the rule of the newly established People's Republic of China (PRC). ROC troops mostly fled to Taiwan from provinces in southern China, in particular Sichuan Province, where the last stand of the ROC's main army took place. The flight to Taiwan took place over four mo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chinese Civil War
The Chinese Civil War was fought between the Kuomintang-led Nationalist government, government of the Republic of China (1912–1949), Republic of China and the forces of the Chinese Communist Party (CCP). Armed conflict continued intermittently from 1 August 1927 until Communist victory resulted in their total control over mainland China on 7 December 1949. The war is generally divided into two phases with an interlude: from August 1927 to 1937, the First United Front alliance of the KMT and CCP collapsed during the Northern Expedition, and the Nationalists controlled most of China. From 1937 to 1945, hostilities were mostly put on hold as the Second United Front fought the Second Sino-Japanese War, Japanese invasion of China with eventual help from the Allies of World War II. However, armed clashes between the groups remained common. Exacerbating the divisions within China further was the formation of the Wang Jingwei regime, a Japan-sponsored puppet government led by Wang ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government-sponsored Enterprise
A government-sponsored enterprise (GSE) is a type of financial services corporation created by the United States Congress. Their intended function is to enhance the flow of Credit (finance), credit to targeted sectors of the economy, to make those segments of the capital market more efficient and transparent, and to reduce the risk to investors and other suppliers of capital. The desired effect of the GSEs is to enhance the availability and reduce the cost of credit to the targeted borrowing sectors primarily by reducing the risk of capital losses to investors: agriculture, Home mortgage, home finance and Education loan, education. Well known GSEs are the Federal National Mortgage Association, known as Fannie Mae, and the Federal Home Loan Mortgage Corporation, or Freddie Mac. Congress created the first GSE in 1916 with the creation of the Farm Credit System. It initiated GSEs in the home finance segment of the economy with the creation of the Federal Home Loan Banks in 1932; and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mortgage-backed Securities
A mortgage-backed security (MBS) is a type of asset-backed security (an "Financial instrument, instrument") which is secured by a mortgage loan, mortgage or collection of mortgages. The mortgages are aggregated and sold to a group of individuals (a government agency or investment bank) that securitization, securitizes, or packages, the loans together into a security that investors can buy. Bonds securitizing mortgages are usually treated as a separate class, termed Residential mortgage-backed security, residential; another class is Commercial mortgage-backed security, commercial, depending on whether the underlying asset is mortgages owned by borrowers or assets for commercial purposes ranging from office space to multi-dwelling buildings. The structure of the MBS may be known as pass-through security, "pass-through", where the interest and principal payments from the borrower or homebuyer pass through it to the MBS holder, or it may be more complex, made up of a pool of other MBSs ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Agency Debt
Agency debt, also known as an agency bond, agency loan, agency security, or "Agencies", is a security, usually a bond, issued by a United States government-sponsored enterprise or federal budget agency. The offerings of these agencies are backed but not guaranteed by the US government. Some prominent issuers of these securities are the Federal Home Loan Banks (FHLBanks), Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac). See also * Mortgage-backed security * United States Treasury security United States Treasury securities, also called Treasuries or Treasurys, are government bond, government debt instruments issued by the United States Department of the Treasury to finance government spending as a supplement to taxation. Sinc ... References {{DEFAULTSORT:Agency Debt Securities (finance) Bonds (finance) ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Clearstream Banking SA
Clearstream Banking SA is one of two world-leading international central securities depositories, the other one being Euroclear Bank. It is a fully-owned subsidiary of the Clearstream Group, itself part of Deutsche Börse Group. History The Centrale de Livraison de Valeurs Mobilières (), generally referred to as Cedel, was established on , by 66 of the world's major financial institutions as a clearing organisation whose objective was to minimise risk in the settlement of cross-border securities trading, particularly in the growing Eurobond market. It was a direct response to the creation a few years earlier of the Euroclear System by American bank Morgan Guaranty in Brussels. At least initially, Euroclear was viewed as largely aligned with buy side interests whereas Cedel was closer to the sell side. In 1995, a new corporate structure was introduced, establishing a parent company, Cedel International, while Cedel in Luxembourg was granted a banking license. In 1997, a ne ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Euroclear Bank
Euroclear Bank is the international central securities depository (ICSD) of the Euroclear Group, based in Brussels, Belgium. It is one of the world's two main ICSDs, the other one being Clearstream Banking SA in Luxembourg. As of 2018, it was the third-largest CSD by value of securities held, behind only Fedwire Securities Service and the Depository Trust Company, and the world's leading CSD by value of delivery instructions. Overview On , Euroclear Bank took over the operation of the Euroclear System from Morgan Guaranty, which had initiated it in 1967-1968. As of 2023, Euroclear Bank maintained branches in Hong Kong, Kraków, and Tokyo as well as representative offices in Beijing, Dubai, Frankfurt, New York, and Singapore. Supervision As a licensed bank, Euroclear Bank is subject to European Banking Supervision and supervised as such by the National Bank of Belgium (NBB) under the oversight of the European Central Bank (ECB), having been designated by the latter as a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Securities Depository
A central securities depository (CSD) is a specialized financial market infrastructure organization holding securities such as shares or bonds, either in certificated or uncertificated ( dematerialized) form, allowing ownership to be easily transferred through a book entry rather than by a transfer of physical certificates. This allows brokers and financial companies to hold their securities at one location where they can be available for clearing and settlement. In recent decades this has usually been done electronically, making it much faster and easier than was traditionally the case where physical certificates had to be exchanged after a trade had been completed. In some cases these organizations also carry out centralized comparison and transaction processing such as clearing and settlement of securities transfers, securities pledges, and securities freezes. In modern corporate debt markets, investors achieve collateralization through CSDs. The CSDs operate as trustee ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
