China WFOE Formation Service
Hotline: 86-755-82143422 Email: anitayao@citilinkia.com|
ATAHK learns from the government authority that China's foreign exchange market posted a turnover of 110.93 trillion yuan (US$16.9 trillion) last year, the State Administration of Foreign Exchange said on Friday.
It is the first time the annual turnover of the country’s foreign exchange market has been released, according to SAFE.
In December, the foreign exchange market’s turnover of 12.17 trillion yuan included 2.46 trillion yuan in transactions between banks and their clients, and 9.71 trillion yuan in interbank foreign exchange transactions.
.jpg)
The foreign exchange market turnover is forecast to rise this year as more overseas investors enter China’s market.
In 2015, China opened its interbank foreign exchange market to overseas central banks and similar institutions to build up a market-oriented and more transparent interbank foreign exchange market.
So far, 14 overseas central banks and similar institutions have been allowed to trade in China’s interbank foreign exchange market.
Contact Us
If you have further queries, don’t hesitate to contact ATAHK anytime, anywhere by simply visiting ATAHK’s website www.3737580.net , or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143512, or emailing to anitayao@citilinkia.com
ATAHK—A Sound Global Business Solution Partner, Serving the World of Business, Professionally & Reliably.