Tag: Shanghai Free Trade Zone

April 19, 2016 BY LeapRate Staff

Saxo Bank grows China presence with Wallstreet CN and LeanWork agreements

Retail forex broker Saxo Bank has taken a big step in growing its presence in mainland China, several months after the Copenhagen-based company first established an office in Shanghai. Saxo Bank announced today a tri-party agreement with Wallstreet CN and LeanWork. The users of Wallstreet CN, one of the most popular financial content providers in Greater China, will…

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March 21, 2016 BY Maria Nikolova

China's securities regulator approves first brokerage JV under CEPA

China Securities Regulatory Commission (CSRC) issued a statement on Friday approving the setting up of a brokerage joint venture (JV) between mainland and Hong Kong investors. This is the first brokerage JV between the mainland and Hong Kong formed under the Closer Economic Partnership Arrangement (CEPA). According to a report by Xinhua, the new company…

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January 20, 2014 BY Gerald Segal

Citi launches automated Renminbi pooling for its Shanghai FTZ clients

Chinese Yuan funds can be moved freely between onshore and offshore entities Another change to the Chinese Yuan forex market is on the way, as Reuters reports that Citi has set up a cross-border facility that enables Shanghai Free Trade Zone based multinationals to move funds freely between their onshore and offshore entities. Up until…

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December 05, 2013 BY Gerald Segal

China’s FTZ may allow Yuan to fully float

London, Hong Kong, Singapore and Abu Dhabi duke it out for Yuan supremacy With China’s Renminbi currency now solidly enshrined as the world’s #2 trade currency, further reforms to allow the Yuan to float are gaining steam. And, at the same time, the world’s leading financial centers are positioning themselves to become the leading places…

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