After a turbulent start of the year for the Chinese stock markets, as the newly implemented circuit breaker mechanism was activated twice, the Chinese regulators have decided to suspend the solution, in order to keep the markets stable. According to a Xinhua report, referring to a statement from the China Securities Regulatory Commission (CSRC), the mechanism…
Read moreToday The Financial Times (FT) made note that the gap between the Chinese renminbi’s two exchange rates (offshore RMB and onshore RMB) has widened to a record spread. This has fueled speculation that China intends to allow its currency to fall at a faster rate than has previously been seen. Since August, the People's Bank of China (PBoC) said…
Read moreThe People's Bank of China (PBOC) has issued suspension notices to at least three foreign banks regarding their Forex businesses, in a move underlining the stringent controls of the financial sector in China. According to a Reuters report, citing anonymous sources with knowledge of the matter, China's central bank has suspended the banks from conducting…
Read moreCME Group Inc (NASDAQ: CME), the world's largest futures market is said to be exploring opportunities for growth in China and India as it searches for the best markets to enter for higher-margin products to keep up recent profit growth according to reports from Bloomberg. This year CME Group has beat out Hong Kong Exchanges & Clearing as the…
Read morePolice in east China's Zhejiang Province have broken the country's largest underground bank, which has carried out illegal Forex transactions of RMB 410 billion (US$64 billion), according to a report by Xinhua news agency, referring to sources at the Ministry of Public Security. The crackdown comes as a part of an investigation that started in September…
Read moreIn the wake of relentless DDoS attacks on Forex service providers and their networks, FCM360 has fortified its network security to block the current wave of these distributed denial of service attacks. The attacks are targeting Metatrader 4 servers among other forex trading platform providers. To bolster its network, FCM360, a leading managed cloud operations provider,…
Read moreAirex, Inc. announced today that Xinhua Finance Agency (XFA) has joined the AIREX Market Partner (AMP) Program. The AMP Program is a global service that gives companies their own turnkey, custom, self-curated, and co-branded AIREX Markets. With these AMP Markets, firms can instantly offer their customers, clients, website traffic, and employees a large and growing…
Read moreInternational derivatives marketplace CME Group Inc (NASDAQ:CME) keeps strengthening its network of partners in China. The company announced today that it has signed a Memorandum of Understanding (MOU) with China Construction Bank (CCB). CME Group is now able to offer Offshore Chinese Renminbi (CNH) Futures Contracts with physical delivery in London for the first time.…
Read moreAzul Zing helps iPinYou to optimize ad selection and bidding requests by storing more data in memory, improving system performance, and simplifying operational complexity.
Read moreChina's cross-border interbank payments system, established as a yuan-based alternative to the interbank Swift network, has launched with 11 domestic banks and eight foreign institutions onboard.
Read more