| HSBC gets status as direct yuan-yen trader |
| Last Updated(Beijing Time):2012-05-31 00:00 |
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HSBC Bank China has gained regulatory approval to become one of the market makers of direct yuan-yen trading in the foreign exchange market on the Chinese mainland.
The China unit of HSBC Holdings Plc yesterday said it will quote and trade the yuan against the yen, to provide liquidity for the market.
The direct trading of the two currencies will promote the use of yuan in Sino-Japanese bilateral trade. |
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