Tag: China Forex

China UnionPay mobile banking
February 21, 2017 BY LeapRate Staff

FXCC adds China UnionPay for deposits to expand in Asia Forex markets

CySEC regulated forex broker FXCC has announced that it has introduced an extra payment option through its association with China UnionPay. In creating this new relationship, FXCC (formally FX Central Clearing Ltd) has opened up a gateway, allowing new and experienced FX traders from Asian countries such as China, to trade directly through FXCC. We…

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February 20, 2017 BY LeapRate Staff

Biggest Trends in the Chinese FX Market in 2017

This article was written by Natallia Hunik, Global Head of Sales at Advanced Markets. Do you think 2017 will be another big year for prime of prime? If so, you’re in very good company. Our view is that, as the Chinese market matures, the 2017 trends in China could boil down to the following: Quality over…

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china yuan
January 23, 2017 BY LeapRate Staff

CLS expands FX settlement presence in China with NIFD think tank agreement

FX settlement services provider CLS Group has announced the signed a memorandum of understanding (MOU) with Chinese think tank National Institution for Financial Development (NIFD), expanding its presence in the country. The MOU defines close co-operation between the two institutions on research and broadening awareness relating to FX, payments and settlement to support the healthy development…

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May 29, 2016 BY LeapRate Staff

China forex trading retreats 9% in April

Data from Chinese financial regulator State Administration of Foreign Exchange (SAFE) indicates that China's currency exchange market posted turnover of 9.79 trillion yuan (USD $1.5 trillion) in April 2016, down about 9% from 10.71 trillion (USD $1.6 trillion) yuan in March., as reported by Reuters. The amount breaks down between 1.66 trillion yuan in forex transactions between…

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May 26, 2016 BY LeapRate Staff

China's SAFE again eases rules for retail foreign exchange transactions

Reuters is reporting that China's foreign exchange regulator SAFE has issued new rules simplifying procedures for individuals exchanging foreign currencies, but keeping net purchase quotas unchanged. In what Reuters is calling a minor reform, the State Administration of Foreign Exchange (SAFE) said that financial outlets designated by banks for such exchanges will no longer need…

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May 26, 2016 BY LeapRate Staff

China's SAFE again eases rules for retail foreign exchange transactions

Reuters is reporting that China's foreign exchange regulator SAFE has issued new rules simplifying procedures for individuals exchanging foreign currencies, but keeping net purchase quotas unchanged. In what Reuters is calling a minor reform, the State Administration of Foreign Exchange (SAFE) said that financial outlets designated by banks for such exchanges will no longer need…

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January 11, 2016 BY Mike Fox

China's Forex regulator says it will increase risk control measures

China’s Forex regulator said over the weekend that it will ramp up risk control efforts, push ahead with regulatory reforms and look to accelerate the development of the worlds second largest economy's Forex market further in 2016. Within the past year we have seen numerous global financial cities open up Renminbi hubs in preparation for…

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