China allows 6 more foreign institutions into interbank FX market

Second batch of foreign institutions, including RBI are allowed to trade in China's domestic foreign exchange market

People walk past a panel displaying Chinese stock market indexes in Hong Kong, China. Photo: Reuters
People walk past a panel displaying Chinese stock market indexes in Hong Kong, China. Photo: Reuters
Reuters Beijing
Last Updated : Jan 12 2016 | 6:27 PM IST

China has allowed a second batch of foreign institutions to enter China's interbank foreign exchange market, the country's central bank said on Tuesday.

Six central banks and international financial institutions, including Reserve Bank of India (RBI), Monetary Authority of Singapore and Bank of International Settlements, are now allowed to trade spot products, forwards, swaps, currency swaps and options in China's domestic foreign exchange market, it said.

Last November, the first seven foreign institutions had been registered to enter the interbank foreign exchange market.

 

 

 

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First Published: Jan 12 2016 | 3:18 PM IST

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