China FX emergence continues

Banks and non-banks have increased their FX deposits, according to figures released by the Bank for International Settlements last month. And a new regulation from the State Administration for Foreign Exchange (Safe) will encourage further growth, by allowing more domestic firms to retain FX earnings, said analysts. The rule, which the Safe hopes will spur exports and put Chinese firms on an equal footing with foreign companies, comes into effect on October 15.

Foreign banks are likely to see

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.fxweek.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: