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Chinese forex market turnover hits 15.9 trln yuan in November

2016-12-24 13:06

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China's foreign exchange (forex) market posted turnover of 15.9 trillion yuan (2.3 trillion U.S. dollars) in November, according to the State Administration of Foreign Exchange (SAFE).

The figure was up from 11 trillion yuan in October. The amount includes 2.1 trillion yuan in forex transactions between banks and their clients and 13.8 trillion yuan in interbank forex transactions.

In 2015, China opened its interbank forex market to overseas central banks and similar institutions to promote a more market-oriented, transparent interbank forex market. China's forex market turnover in 2015 was 111 trillion yuan.

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