China has allowed a second batch of foreign institutions to enter China’s interbank foreign exchange market, the country’s central bank said on Tuesday. Six central banks and international financial institutions, including Reserve Bank of India (RBI), Monetary Authority of Singapore and Bank of International Settlements, are now allowed to trade spot products, forwards, swaps, currency swaps and options in China’s domestic foreign exchange market, it said. Last November, the first seven foreign institutions had been registered to enter the interbank foreign exchange market. — Reuters You have reached your limit for free articles this month. Register to The Hindu for free and get unlimited access for 30 days. Find mobile-friendly version of articles from the day's newspaper in one easy-to-read list. Enjoy reading as many articles as you wish without any limitations. A select list of articles that match your interests and tastes. Move smoothly between articles as our pages load instantly. A one-stop-shop for seeing the latest updates, and managing your preferences. We brief you on the latest and most important developments, three times a day. Not convinced? Know why you should pay for news. *Our Digital Subscription plans do not currently include the e-paper ,crossword, iPhone, iPad mobile applications and print. Our plans enhance your reading experience.
China has allowed six more foreign institutions, including Bank of International Settlements (RBI), to enter China's interbank foreign exchange market; they are now allowed to trade spot products, forwards, swaps, currency swaps, and options in China's domestic foreign exchange market.