China State Administration of Foreign Exchange (SAFE) has announced measures to optimize the banking procedures for current-account foreign exchange (forex) purchase, settlement or remittance.

India has announced its formal opinion on the upcoming OECD – G20 global tax deal stating that a ‘consensus agreement’ is likely to be reached in October of this year. India is in favor of a harmonious solution which may be simple to implement and would have clear tax ...

On July 9th, the People's Bank of China decided to lower the deposit reserve ratio of financial institutions by 0.5% from July 15th, 2021 (excluding financial institutions that were previously subject to a 5% reserve ratio). After this reduction, the weighted average depos...