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Saturday, August 13, 2011

China Mulls Overseas Trading for Futures Brokers - CNBC

China Mulls Overseas Trading for Futures Brokers - CNBC
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1 comment:

  1. RAYLOKEAugust 13, 2011 at 11:29 PM

    limits on their overseas trading volumes.

    Such limitations are due to the inconvertibility of China's yuan currency.

    If launched, the program would be a big boost to local brokerages as they would then be able to serve the growing demands of local enterprises for overseas hedging.

    The proposed program would also break the monopoly of foreign agencies by allowing domestic enterprises to hedge overseas through local brokerages.

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