Costs and regulation slow CNY derivatives growth - CFFEX
China's onshore FX derivatives market tiny compared to peers
A combination of high trading costs in Shanghai and a conservative regulatory climate are slowing down the much-needed expansion of the onshore (CNY) currency derivatives market, according to a senior official at the China Financial Futures Exchange (CFFEX).
Junjun Zhu, senior manager in the exchange's foreign exchange derivatives department, said that while China has been liberalising its currency since the 2005 flotation of the renminbi against the dollar – within a certain range – the FX
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