FX Week

ABN Amro wins China derivatives licence

The Dutch bank will now set up a financial derivatives business covering hard currency derivatives products, including FX options and interest rate derivatives. The service is targeted at the bank's existing corporate client base to help them manage their risk and investments, said a spokesperson at the bank in Shanghai.

The service will be available at all three of ABN Amro's Chinese branches: Shanghai, Shenzen and Beijing.

"China has a rapidly growing economy where improved risk management