[lbo-talk] you can now trade yuan

Doug Henwood dhenwood at panix.com
Tue Jan 11 12:16:00 PST 2011


Markets Alert from The Wall Street Journal

Bank of China Ltd., one of the country’s four major state-owned banks, has opened trading in the Chinese currency to customers in the U.S., representing a symbolic endorsement by Beijing of foreign trading in the yuan. The move is the first by a state-owned bank into yuan trading in the U.S. Trading in the yuan has ballooned since China first opened it up to offshore trading last July.

http://online.wsj.com/article/SB10001424052748703791904576076082178393532.html?mod=djemalertMARKET



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