Guotai Junan International Hold. Limited (HKG:1788), a Hong Kong Forex, futures and equities broker, today issued an update regarding the status of its chairman Dr. Yim Fung, who went missing about a month ago. The broker said today that during the period Dr.Yim Fung could not be contacted, he was “assisting in certain investigations carried out…
Read moreGuotai Junan International Hold. Limited (HKG:1788), a Hong Kong Forex, futures and equities broker, has been unable to contact its chairman Dr. Yim Fung for almost a week already, according to numerous media reports. In an announcement with the stock exchange, the broker has confirmed that contact has been lost with Dr. Yim since November…
Read moreThe memorandum of understanding was signed by Zheng Hu, CEO of CFFEX and Alexander Afanasiev, CEO of MOEX. Shenfeng Zhang, Chairman of CFFEX and Sergey Shvetsov, First Deputy Governor of the Central Bank of Russia, also attended the signing ceremony
Read moreAs the company's inaugural venture in China, Fortex held a grand opening which hosted Chinese FX industry leaders at the Ritz Carlton Hotel in Shanghai
Read moreTaiwan Futures Exchange has launched Taiwan’s first RMB currency futures contracts. The rationale behind the new products is to extend development of Taiwan’s rapidly growing offshore RMB financial services sector
Read more"Banks bought a net $1.3 billion worth of foreign exchange for clients in May, showing a major turnaround," Wang Yungui, head of policy and regulations at the State Administration of Foreign Exchange (SAFE), told a news conference in Beijing Wednesday
Read moreLeapRate Chinese market investigation part 1: Detailed discussion with a Chinese money manager in the Hebei province whose portfolio rose to $50 million under management in just one year, as well as retail clients all over China. Here is a very comprehensive insight into the Chinese IB business and how to get it right
Read moreChinese banks bought 768.8 billion yuan and sold 1.12 trillion yuan in foreign currencies for clients, resulting in 356.2 billion yuan of deficit in March, meanwhile the Shanghai Free Trade Zone has introduced foreign currency services, reducing entry barriers for foreign business
Read moreChinese traders, the most active in the world, are willing to take a short term view and trade regularly, regarding it as a hobby and pastime, whereas American traders are more likely to make considered choices and plan their investment portfolios to save for retirement
Read moreFraudulent schemes have reached new highs and the latest example in this respect comes with regard to insolvent retail Forex broker Alpari UK. The ill-fated company, which has more than 100,000 clients still waiting to get their funds back, had subsidiaries in several other jurisdictions, including Japan and China. Clients of Alpari's Chinese business are…
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