report from (by reporter Bao Ren) on April 1, 2011, between Bank of China official launch of Renminbi on foreign exchange options trading in the Forex market. Trading day trading systems run smoothly, banks offer and inquiry, and quotation covering all 13 standard period. Total reach against option trading throughout the day 10, covering a period of 1-6 months, on behalf of the principal US $ 49 million.
2005 year in July since the reform of RMB exchange rate mechanism, our foreign exchange market and speed up development, trades increasingly rich, banking market and interbank foreign exchange market to customers have implemented long-term, foreign exchange swaps and currency swaps, foreign exchange derivatives of RMB. Introduction of the currency on the foreign exchange options trading, marked the foreign exchange market has taken shape in China complete basis such exchange rate derivatives system, laying a foundation for future innovation and development in the foreign exchange market. Foreign Exchange will run according to the market situation and market conditions, compliance initiative, controllability and progressive principles continue to steadily promote the development of the foreign exchange market.
