China will speed up the infrastructure construction of foreign exchange market, increase varieties of transaction in the inter-bank forex market and experiment on US dollar market maker system. It means China is expected to introduce the US dollar market maker system into its foreign exchange management system.It is probably not news because its sounds mostly like a technical change but markets might take notice.
Feb 25, 2005
China Plods Forward
China Economic Net sourced this from the People's Daily but I could not find it there.
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