In recent months, many Chinese banks have withdrawn individual forex trading products, closing another avenue for speculation. Photo: AP
In recent months, many Chinese banks have withdrawn individual forex trading products, closing another avenue for speculation. Photo: AP

China currency market crackdown sees regulators restrict trading in US$30 trillion market, sources say

  • Banks and traders are feeling the pinch as Beijing steps up scrutiny of forex dealers and attempts to curb financial risks it sees as potential threats to the economy
  • Representatives of China’s State Administration of Foreign Exchange (SAFE) have embedded themselves on currency trading floors, market-making-bank insiders say

In recent months, many Chinese banks have withdrawn individual forex trading products, closing another avenue for speculation. Photo: AP
In recent months, many Chinese banks have withdrawn individual forex trading products, closing another avenue for speculation. Photo: AP
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