China says it will expand scope of banks’ forex derivatives business

china says it will expand scope of banks forex derivatives business

Sumary of China says it will expand scope of banks’ forex derivatives business:

  • BEIJING : China’s foreign exchange regulator said on Friday it would expand the scope of banks’ foreign exchange derivatives business.
  • Qualified banks can provide derivatives services between yuan and foreign currencies to cooperative banks, including forward settlements and currency swaps, it said.

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