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Chinese stock markets dropped by daily limit of 10%; share trading suspended as FX remains king

China’s preference for FX was very much highlighted by LeapRate’s recent investigation into China’s large introducing brokers. With China’s two major stock exchanges experiencing trading suspensions and stock depreciation at the rate of a falling girder, LeapRate provides an insight into the possible cause and effect and why FX is THE asset class for China

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New Sino-Canadian currency hub to be based in Toronto

The hub will foster far easier trade between the Canadian dollar and the Chinese yuan, bypassing the dollar payment system. It makes Canada the first country in the Americas to have a deal to trade in the renminbi.

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