Looking ahead

Events and stories coming up in the next few days

Platform to make note transactions transparent

Shanghai is set to launch a note exchange platform that will help in the trade of various financial instruments such as bills of exchange. Forty-three financial institutions, including 35 banks, will participate in the trial run, starting on Thursday. Officials say the yet-to-be named platform will enable the institutions - which accept, discount, trade and guarantee notes - to have easy access to transparent data. They will be able to confirm the validity of notes through an online system, which reduces risks of forgery and fraud.