Expand options
Source: Bloomberg News |
November 12, 2011, Saturday
|
Print Edition
Print Edition
CHINA will expand the options market to let firms sell yuan options, instead of limiting them to only buying the contracts, the State Administration of Foreign Exchange said yesterday.
Exporters and importers will only be able to sell the contracts to offset options they have already bought, SAFE said. The new rules will be effective from December 1. China allowed trading of yuan options to start in April and restricted buying to those companies wanting to minimize exchange-rate risk on trade deals.
Banks must ensure companies buy and sell the currency options for trade and investment transactions only, the regulator said。
Exporters and importers will only be able to sell the contracts to offset options they have already bought, SAFE said. The new rules will be effective from December 1. China allowed trading of yuan options to start in April and restricted buying to those companies wanting to minimize exchange-rate risk on trade deals.
Banks must ensure companies buy and sell the currency options for trade and investment transactions only, the regulator said。
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
