New Xinhua rules intercept foreign news
The rules mandate that all news delivered to clients from agencies such as Reuters, Bloomberg and Dow Jones Newswires in mainland China must be sent through the agency. The move has prompted fears among market participants that this will limit future FX trade.
“Any delay in receiving market news would be a problem for traders who count on real-time information,” said Richard Yetsenga, Asia FX strategist at HSBC in Hong Kong.
Those working in FX trading at mainland banks will be greatly affected
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