Non-bank firms to get China look-in
Speaking at the inaugural FX Week China forum in Beijing on May 14, Wang said Safe is also considering the introduction of more FX derivatives and allowing banks to conduct interest rate swaps trades on behalf of clients.
Wang said market volatility from the US subprime crisis and slowing exports has created uncertainties in the Chinese market, increasing demand for risk management instruments, particularly among non-bank institutions.
He said current priorities for Safe include developing
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