Agricultural Bank of China (ABC)

PBOC gives OTC foreign exchange trading go-ahead

The People's Bank of China (PBOC) has opened up the country's spot FX market to over-the-counter trades, and authorised the China Foreign Exchange Trading System (CFETS) to determine the daily central parity rate for the RMB against foreign currencies.

China in its hand

As Industrial Commercial Bank of China receives a $15 billion bailout from the government, the challenges in attracting foreign investment and strengthening the sector become ever more apparent. James Ockenden talks to the China Banking Regulatory…