RBI and BIS gain access to China's interbank FX market

Second batch of official investors receive permission to trade FX spot and derivatives onshore; MAS and BoK are among them

greatwallofchina
China gives access to seven more institutions

Seven central banks and international financial institutions, including the Reserve Bank of India and the Bank for International Settlements, have gained access to China's interbank foreign exchange market, allowing them to carry out spot and derivatives transactions onshore for the first time.

The group, which includes Bank of Korea, the Monetary Authority of Singapore, Bank Indonesia, Bank of Thailand and the International Finance Corporation, is the second batch of official investors to

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