Tag: China central bank

November 22, 2013 BY Gerald Segal

PBOC says China does not need more FX reserves

Chinese officials will be taking first steps towards FX liberalization It has been only a couple of days since we heard from Chinese officials on the subject of FX market reform. It has proved to be enough for us to get more details into the thinking of the People’s Bank Of China (PBOC). As Bloomberg…

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November 19, 2013 BY Gerald Segal

China goes all out in FX market reform

Last time we saw CNY market liberalization retail volumes out of China picked up more than 30% Just as London morning trading was kicking off the People’s Bank of China (PBOC) has surprised the markets with a release of a book written by the PBOC Governor Zhou for the third Plenum, which explained in more…

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May 06, 2013 BY Gerald Segal

China Retail FX volumes up 30% so far in 2013

As the Yuan continues to strengthen, Chinese FX traders also come out to trade. LeapRate Exclusive... LeapRate has learned, in discussions with various retail FX brokerages, that trading volumes from China-based clients have soared this year by about 30% -- and even more at some firms which have been actively targeting the Chinese market. What's…

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