Press "Enter" to skip to content

China’s Huaxia Bank halted individual foreign exchange trading business amid currency volatility concerns

A Chinese bank halted its foreign exchange trading business for individual investors, after a number of major Chinese lenders suspended or adjusted individual foreign exchange and precious metal trading businesses amid growing concerns over rising market volatility.

The Beijing-based bank said in a statement on Monday that it would stop offering personal foreign exchange sales and purchases from December 1 “in response to changing market conditions”.

On Tuesday, the bank pulled the original statement . . .


To continue reading, please subscribe. For only $0.8 per day, you will get:


  • ORIGINAL & DATA-DRIVEN STORIES - We focus on the most important business events and the key trends in China's economy and financial markets, with details that you don't see elsewhere.
  • THE WIRE - An all-in-one platform with real-time updates of market-moving news and views sourced from a network of journalists, traders, brokers, analysts, etc. and from multiple reliable news outlets in mainland China. Here are some screenshots of our wire service.
  • DATA  - We provide data, including some high frequency data from government agencies, research institutes and industry bodies to help you get timely and detailed understanding of what is going on in China's economy and markets.
  • WEEKLY NEWSLETTER - A summary of the week's top news distilled into one email.


We highly value independence. Subscriptions by you and thousands of intelligent readers like you are extremely important for us!

FREE TRIAL cancel anytime

Already have an account? Sign In