Overseas investors participating in the domestic commodity futures transactions are allowed to directly handle settlement and purchases of foreign exchange through their account banks according to their actual demands in futures margins and bottom-line, effective from August 1, according to the State Administration of Foreign Exchange (SAFE) on Friday.
In order to make it convenient for market operations, it made such adjustments, said the SAFE. Earlier, China rolled out policies to allow overseas traders and agencies to trade specified futures products in the domestic market in an effort to enrich the diversity of the market. Crude oil futures were fixed as the country's first domestic futures product tradable by overseas investors.
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