Onshore RMB options trading kicks off
Aug 4, 2014
FX forwards now more attractive in China
The foreign exchange regulator for China has scrapped a restricting limit on FX exposure for onshore banks, making it cheaper for banks to offer FX forwards to CFOs.
In step with the news China has widened its currency trading band, the State Administration of Foreign Exchange (Safe) also announced changes to the net open position (NOP) limit for onshore banks in China.
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