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The People's Bank of China, the country's central bank, announced before trading started on Monday it had hiked the foreign exchange risk reserve ratio for forward trading from zero percent to 20 percent, effective Wednesday.
China's central bank announced on Monday that it will elevate the foreign exchange risk reserve ratio for forward forex trading from zero to 20 percent, starting Wednesday.
China to raise reserve requirement for forward forex trading to 20 pct-
Forex trading
© Provided by Xinhua BEIJING, Sept. 26 (Xinhua) -- China will elevate the foreign exchange risk reserve ratio for forward-forex sales to maintain the s