BEIJING: China will allow financial firms apart from banks to trade in its interbank foreign exchange market from January 1, the government said on Tuesday in another step to deepen the country's financial markets.
Sources with knowledge of the matter had told Reuters in the past two months that China was set to relax the rules for its interbank currency market by allowing non-banks, including brokerages, insurers and trust firms, to trade in the interbank foreign exchange market.