BGC plans to open China office despite derivatives documentation spat

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Interdealer broker BGC appears undeterred by a recent decline in China's foreign exchange and interest rate swaps activity, stemming from the failure by leading Chinese and foreign banks to sign bilateral contracts that support such trades, with the interdealer broker planning to open for business in Beijing as soon as March.

BGC says its money broking joint venture with its Chinese partner, investment trust company China Credit Trust, is currently awaiting the final product licences from the Ch

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