On April 1, 2011, RMB-against-foreign exchange trading was officially introduced into Chinas inter-bank foreign exchange market. On the first day of trading, the system operated smoothly in parallel with brisk quotations and enquiries by banks. The quotation covered all 13 standard terms. A total of 10 RMB-against-USD options trading were concluded on the first day, with trading terms ranging from 1 to 6 months. The nominal principal amounted to a total of USD49 million.
SAFE News
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- Index number:
- 000014453-2019-0137
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- Dispatch date:
- 2011-04-06
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- Publish organization:
- State Administration of Foreign Exchange
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- Exchange Reference number:
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- Name:
- RMB-Against-Foreign Exchange Options Trading Introduced Into the Inter-Bank Foreign Exchange Market
RMB-Against-Foreign Exchange Options Trading Introduced Into the Inter-Bank Foreign Exchange Market