China allows more central banks to enter onshore forex market
from The Wall Street Journal
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 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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