Bloomberg News

China Trial Changes to Forex System for Trade Will Control Risks

December 07, 2011

Dec. 7 (Bloomberg) -- China’s trial changes to foreign exchange management for merchandise trading will aim to strengthen risk supervision and make processes more convenient for companies and banks, the State Administration of Foreign Exchange said in a statement on its website today.

The administration on Sept. 15. announced trial changes in seven regions that started on Dec. 1.

--Daryl Loo. Editor: Joshua Fellman

To contact Bloomberg News staff for this story: Daryl Loo in Beijing at dloo7@bloomberg.net

To contact the editor responsible for this story: Jason Gale at j.gale@bloomberg.net


Race, Class, and the Future of Ferguson
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus