Biz News Flash

Authorities OK currency trades

(China Daily)
Updated: 2011-05-26 13:54

China will allow two banks to enter the interbank foreign exchange market, according to two separate statements on Chinamoney.com.cn, a website of the China Foreign Exchange Trade System.

The banks include Cathay United Bank Co's Shanghai unit, and Shandong Boxing Rural Cooperative Bank, according to the statements.