China to extend trading hour in interbank FX market to facilitate global investors
China to extend trading hour in interbank FX market to facilitate global investors

China to extend trading hour in interbank FX market to facilitate global investors

 

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China will extend the trading hour in the interbank foreign exchange market to 3 am (1900 GMT) from 11:30 pm (1530 GMT), the People’s Bank of China said in a statement.

Following the adjustment, the new trading hours for spot, forward, swap, currency swap and option trades will be from 9:30 am (0130 GMT) to 1900 GMT, effective from Jan. 3, 2023, the PBOC said.

The extended trading hour will cover more trading sessions in Asian, European and North American markets and will facilitate global investors and further enhance the attractiveness of yuan-denominated assets, the central bank said.