Metal mania

China is the world’s fastest-growing consumer of base metals and its appetite for raw materials has resulted in a staggering growth in onshore listed derivatives. But its relevance to the institutional markets is still limited. Georgina Lee reports

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.

Citic Industrial Bank ramps-up risk systems

China’s Citic Industrial Bank has adopted SunGard’s Panorama risk management solution, which marks the US trading and risk management systems firm’s first major client in the potentially lucrative Chinese market. And as the country’s largest banks…