Tuesday , October 19 2021
Home / South China Morning Post / China currency market crackdown sees regulators restrict trading in US$30 trillion market, sources say

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

Summary:
[unable to retrieve full-text content]As part of a sweeping push to curb speculation, China’s regulators are tightening control over the inner workings of its currency market, pressuring banks to trade less and in smaller ranges, two banking sources told Reuters.The moves follow recent attempts to curtail financial risks, such as by dampening commodity price rises, banning cryptocurrency transactions and restricting property speculation. They also bring the campaign deeper into day-to-day operations on the trading desks of a US…

Topics:
Reuters considers the following as important:

This could be interesting, too:

Tyler Durden writes FDA To Allow “Mixing and Matching” Of COVID Boosters

Tyler Durden writes North Korea May Have Test-Fired A Ballistic Missile, Japan Coast Guard Reports

Pearl Liu writes Evergrande’s debt crisis sates appetite for risk, forcing 206 plots to withdraw from China’s land auctions since September

Tyler Durden writes Northern California Gets Reprieve From Worst Drought In Century As Rain And Snow Fall   

[unable to retrieve full-text content]
As part of a sweeping push to curb speculation, China’s regulators are tightening control over the inner workings of its currency market, pressuring banks to trade less and in smaller ranges, two banking sources told Reuters.The moves follow recent attempts to curtail financial risks, such as by dampening commodity price rises, banning cryptocurrency transactions and restricting property speculation. They also bring the campaign deeper into day-to-day operations on the trading desks of a US$30…
About Reuters

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.