Reported 4 days ago
The Shanghai Futures Exchange (ShFE) has unveiled draft proposals aimed at increasing access for foreign investors and brokers, a key step towards internationalizing the renminbi. The plans, which include allowing direct participation of foreign traders and the ability to use foreign currencies for margin, focus on various futures products ranging from nickel to copper. This initiative reflects China's ambition to enhance its global market presence and challenge the London Metal Exchange's dominance in industrial metals trading.
Source: YAHOO