China forex drive continues
The bank also authorised yuan trading in an additional five cities -- Gangzhou, Zhuhai, Qingdao, Nanjing and Wuhan.
A spokesperson for the PBoC declined to name the newly authorised institutions, but Citigroup and HSBC have both previously announced that they are among them (FX Week, March 25).
According to a PBoC statement, at the end
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