SPECIAL REPORT: CHINA Opportunity China: banks reveal plans
"China has always been a closed market, and the primary financial product there has been FX, although that has been tightly controlled," said Kenneth Lai, head of FX trading Asia at ABN Amro in Singapore. "But with liberalisation we want to make sure we make the most of the abundant opportunities." Opportunity exists in a number of areas. Notably, the long-anticipated relaxation of the renminbi’s peg to the US dollar should mean chances for international investment banks -- although opinion is
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