China: More Central Banks to Enter Onshore Forex Market

forex

Article source: wsj.com

BEIJING—China’s central bank said more foreign central banks have been given the green light to trade in the country’s onshore foreign-exchange market, as part of Beijing’s effort to liberalize its capital account.

The People’s Bank of China said in a statement Tuesday the Reserve Bank of India, Bank of Korea, Monetary Authority of Singapore, Bank Indonesia, Bank of Thailand, Bank for International Settlements and International Finance Corporation will form the second batch of foreign financial institutions entering China’s interbank forex market.

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Bitcoins and Binary Options: Tips and Forecasts for 2016

Article source: newsbtc.com

It’s a brand new year, which means that you are probably looking for opportunities to increase your economic wealth. One great way to build your wealth is by trading on the stock market, and 2016 promises to be a very rewarding year on the stock market.

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UPDATE 1-Standard Chartered, DBS among banks in China forex ban – sources

Forex

Article source: reuters.com

* Last week China suspended 3 foreign banks from FX business

* Standard Chartered, Deutsche Bank, DBS hit by ban -sources

* The ban extends until the end of March for some banks

* StanChart has asked China to shorten suspension -source (Adds DBS)

By Engen Tham and Saeed Azhar

SHANGHAI/SINGAPORE, Jan 7 Standard Chartered and DBS Group Holdings Ltd are among three lenders that China’s central bank last week suspended from conducting some foreign exchange business, three sources with direct knowledge told Reuters.

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