China allows more foreign institutions into interbank FX market
Date: 14:58, 14-01-2016.
Almaty. January 14. Silkroadnews - China has allowed a second batch of foreign institutions to enter China's interbank foreign exchange market amid efforts to further open the sector, the country's central bank said on Tuesday.
The seven central banks and international financial institutions are Reserve Bank of India, Bank of Korea, Monetary Authority of Singapore, Bank of Thailand, Bank of International Settlements, and International Finance Corporation (IFC). They are allowed to trade spot products, forwards, swaps, currency swaps and options in China's domestic foreign exchange market.
This has brought the number of foreign institutions registered to enter the interbank foreign exchange market to 14 in China.
