(MENAFN- Qatar News Agency) Ijing june 26 (qna) - china's foreign exchange regulator said that it will increase the variety of foreign exchange derivative products to facilitate steady growth of exports and cope with currency risks.
the state administration of foreign exchange (safe) said in a notice effective as of aug. 1 on its website that it will strengthen supervision on trading of derivatives by banks to ensure that the products help companies deal with the risks.
the safe also said it will expand the variety of tools for managing currency risks with a focus on foreign exchange options and add principal swap transactions for currency swaps according to china's (xinhua) news agency.
and it will lower the entry threshold for companies developing foreign exchange options and simplify entry processes for banks' branches according to the regulator. (qna)
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.