Champagne corks popped when Shanghai bankers celebrated the opening of a foreign exchange market on the famous waterfront Bund, which has ideas of becoming China's Wall Street. The China Foreign Exchange Trade System is housed in a pre-revolutionary building facing the Huangpu river, with a trading floor with Greek pillars reached by a marble staircase. The new, fully-computerised forex market was formerly a Russian bank but in the recent past housed the local aeronautics bureau. Deputy

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