China's foreign exchange reserves were $3,184.5 billion as of the end of January, an increase of $56.8 billion, or 1.82%, from the end of the previous year.

The Central Bank of the Russian Federation announced on August 9 local time that it will not purchase foreign exchange in the domestic market from August 10 to the end of 2023 in order to reduce financial market volatility.

Yi Gang, governor of the People's Bank of China, recently published an article Independence, Effectiveness, and Economic and Financial Stability of Monetary Policy in Economic Research.

In order to further improve the macro-prudential management of cross-border financing, increase cross-border funds for enterprises and financial institutions, guide them to optimize the asset-liability structure, the People's Bank of China and the State Administration of Foreign Exchange decided to increase the macro-prudential adjustment parameters for cross-border financing of enterprises and financial institutions from 1.25 points to 1.5 points, which will be implemented on July 20, 2023.

On March 1, the Foreign Trade Secretariat of the Ministry of Development, Industry, Trade and Services of Brazil issued Announcement No. 9 of 2024, stating that it had initiated an anti-dumping investigation on tinned chrome coils originating in China in response to an application submitted by the Brazilian domestic company Companhia Siderúrgica Nacional on October 6, 2023. The products involved in the case are alloy or non-alloy tinned chrome coils with a thickness of less than 0.5 mm of any width, and the tax codes involved in the South Common City are 7210.12.00, 7210.50.00, etc.

Port shipments outside China were 2.1327 million mt last week, down 14% from a week ago.

According to reports, despite the trade restrictions on Australian coal exports since the end of 2020, ports and customs departments have been told to allow Australian coal to be shipped into China

Wang Shouwen, the international trade negotiator and vice minister of the Ministry of Commerce, said at the press conference of the State Council Information Office on April 4 t

As of August 1, the financing balance of the Shanghai Stock Exchange was 777.008 billion yuan, an increase of 672 million yuan from the previous trading day.

Shanghai (Gasgoo)-On January 6, 2025, Schaeffler signed a framework cooperation agreement with the local government of Anting Town, Jiading District, Shanghai, to establish a wholly-owned subsidiary, Schaeffler Hydrogen Energy Technology (Shanghai) Co., Ltd., according to a post on the company's WeChat account.The new subsidiary will focus on the R&D, and production of hydrogen energy-related technologies and products, offering hydrogen energy solutions to end-users across various application scenarios.Hydrogen energy, known for its abundance and zero-carbon nature, holds significant potential in combating climate change and is becoming a vital carrier for global energy transitions. Against the backdrop of China's "dual carbon" goals, Schaeffler aims to leverage its technological expertise to accelerate the application and industrialization of hydrogen energy technologies. The newly established company is located in the Jiading Hydrogen Energy Port within Anting Town, Jiading District, Shanghai. It will concentrate on developing and commercializing hydrogen technologies, such as PEM (Proton Exchange Membrane) and AEM (Anion Exchange Membrane) electrolyzer stacks for water electrolysis.Following the establishment of Schaeffler Hydrogen Energy Technology in Jiading, the company plans to integrate deeply into the regional supply chain and drive innovation in the hydrogen energy industry. Recently, Schaeffler participated in Shanghai's first source-grid-load-storage integrated zero-carbon hydrogen storage project, located at the Shanghai Hydrogen Storage and Power Base in Jiading Hydrogen Energy Port. For this demonstration project, Schaeffler provided a complete set of PEM electrolyzer solutions for hydrogen production, including pure water production, power supply, and gas-water separation. This marks Schaeffler's first commercial-grade PEM hydrogen production system delivery, signifying a crucial milestone in its hydrogen energy endeavors.Hydrogen energy is a strategic focus area for Schaeffler. The company's core competencies in metal forming, materials technology, and surface treatment enable it to play a pivotal role in developing hydrogen-related products and achieving large-scale production. Schaeffler's hydrogen energy strategy spans the entire value chain, from hydrogen production to its application in fuel cells and even green steel manufacturing.One of Schaeffler's key products in this sector is the metallic bipolar plate, a critical component for electrolyzers and hydrogen fuel cells. Manufactured through precision forming and special coating processes, these plates enhance the efficiency of hydrogen systems. Additionally, Schaeffler provides specialized bearings, thermal management modules, electronic control systems, sensors, and hydrogen recirculation components to support the development of efficient hydrogen fuel cell power systems.