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3 stock brokerages eligible for forex.........>

CHINA
CHINA: 3 stock brokerages eligible for forex business amid China's financial
reforms (Xinhua)
- China's State Administration of Foreign Exchange (SAFE) has approved three
securities firms to carry out pilot business in foreign exchange (forex)
settlement and sales, it was announced on Thursday.
- CITIC Securities, Huatai Securities and China Merchants Securities are allowed
to carry out spot forex settlement and sales on their own and on behalf of
customers under the premise of controllable risks. They will also participate in
inter-bank forex market transactions.
- Link: https://tinyurl.com/yxglan2t
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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