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China to simplify rules for interbank FX market

Tuesday, December 9, 2014 - 17:34
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China is simplifying the rules to allow financial companies to trade in its interbank foreign exchange market, its currency regulator said on Tuesday.

[BEIJING] China is simplifying the rules to allow financial companies to trade in its interbank foreign exchange market, its currency regulator said on Tuesday.

The State Administration of Foreign Exchange said in an online statement that the new rules are effective on Jan 1.

REUTERS