Thursday, December 8

China to extend trading hours of interbank FX market

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BEIJING/SHANGHAI — China will extend the trading hours of its onshore interbank FX market, a central bank official, Zhou Yu, said on Wednesday.

Zhou, a deputy director of the international department at the People’s Bank of China, did not elaborate.

Yuan trading sessions now run from 9:30 am (0130 GMT) to 11:30 pm (1530 GMT).

(Reporting by Stella Qiu, Winni Zhou and Andrew Galbraith; Editing by Clarence Fernandez)