Trading places - January 2006

Banks in China push

Standard Chartered and Barclays Capital built out FX trading capabilities in China with key hires in the country.

Fu Qing joined StanChart to head FX trading in Shanghai from ABN Amro, where he served as assistant vice-president, FX trading.

Meanwhile, BarCap said it was launching an FX trading business in Shanghai after receiving a branch licence at the end of December.

The G-7 forex trading business would deliver liquidity in G-7 currencies to mainland Chinese banks

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