RE:RE:RE:RE:RE:RE:RE:When safe application was madebalanda wrote: ChupacabraBueno wrote: The State Administration of Foreign Exchange of the People's Republic of China is an administrative agency tasked with drafting rules and regulations governing foreign exchange market activities, and managing the state foreign exchange reserves [Wikipedia] Notwithstanding all the power & ability to do what they want, most of what they do is for a clear reason. Expediting and/or delaying deals involving significant amounts of FX clearly could be useful for "managing the state foreign exchange reserves". A delay for this (or some other logical) reason is far more likely than an arbitrary whim.
Great ....what is the reason to not respond after more than one month if usually is 2 max 3 weeks for approval ??
Exactly what I said - "managing the sate foreign exchange reserves" - by expediting or delaying deals that require FX as required, they can tweak the demand for their currency.