China opens FX interbank market to central banks
Asian behemoth takes another step towards FX liberalisation
The People's Bank of China (PBoC) has said overseas central banks will be allowed to trade a range of derivatives products in China's interbank FX market – a change that could speed up the internationalisation of the renminbi and spur greater foreign interest in the country's vast bond market.
In a statement published online yesterday (September 14), the PBoC announced that central banks will be able to trade currency spots and derivatives in China's interbank market without having to go through
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