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China Expands Cross-Currency Swaps

03 Feb 2011

China’s State Administration of Foreign Exchange has announced that as of March 1, designated fx banks can begin selling renminbi cross-currency swaps to corporate clients.

China’s State Administration of Foreign Exchange has announced that as of March 1, designated fx banks can begin selling renminbi cross-currency swaps to corporate clients. Until then, banks will continue to trade the swaps among themselves, though activity has been relatively slow.

Click here to read the story from Risk.net

03 Feb 2011