China unveiled a guideline Thursday to further guide banking and insurance institutions in utilizing financial services to stabilize foreign trade.
The guideline was jointly released by the China Banking and Insurance Regulatory Commission, the Ministry of Commerce and the State Administration of Foreign Exchange.
Greater efforts will be made to further regulate the foreign trade-related business of the banking and insurance sectors, the guideline said.
The guideline listed 29 specific requirements, including deepening reform, diversifying product types and strengthening background checks.
| Index | RMB/t | DoD | Basis | Date |
|---|---|---|---|---|
| Datong 5500 | 455 | 0 | ex-mine | 07-01 |
| Shuozhou 5200 | 445 | 0 | FOR | 07-01 |
| Ordos 5500 | 420 | 0 | ex-mine | 07-01 |
| Yulin 6200 | 540 | 0 | ex-mine | 07-01 |
| Liulin Low-sulphur | 565 | 0 | ex-mine | 07-01 |
| Gujiao Low-sulphur | 1095 | 0 | FOR | 07-01 |
| Xingtai Low-sulphur | 1210 | 0 | ex-Factory | 07-01 |
| Yangquan PCI | 795 | 0 | FOR | 07-01 |
| Index | RMB/t | WoW | WoW% | Date |
|---|---|---|---|---|
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