China to open up interbank foreign exchange market
Li Keqiang reveals central banks will be granted access to the market
Foreign central banks are set to gain access to China's interbank foreign exchange market, the country's premier Li Keqiang revealed today (September 10), at a World Economic Forum event in Dalian.
It follows the decision to open the interbank bond market to overseas institutions, including central banks and sovereign wealth funds, in July – hailed at the time as a key move in the process of renminbi internationalisation.
"Going forward we will provide access for overseas central bank
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