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外汇在中国的发展(The development of foreign exchange in China)
外汇在中国的发展(The development of foreign exchange in China)
The development of training in Chinese foreign lecturers: Chen Xuetao in 1992~1993, the foreign exchange market in the process of blind development, a number of Hongkongs foreign economic business without approval, to carry out foreign exchange futures trading business, and attracted a large number of domestic enterprises and individuals to participate in. Since most participants did not understand the foreign exchange market and foreign exchange transactions, blind participation led to a large number of enterprises and retail investors and a large number of losses, including a large number of state-owned enterprises. At the end of 1993, the peoples Bank of China began to allow domestic banks to carry out foreign exchange trading with a firm offer to individuals. In August 1994, China will witness four ministries jointly issued a document, the abolition of foreign exchange futures trading (margin), on the management of the domestic foreign exchange margin trading has a negative attitude and crack down. In 1993~1999, as the stock market became standardized, the profit margins of trading stocks narrowed dramatically, and some investors began to enter the foreign exchange market. Domestic foreign exchange firm offer trading has gradually become a new investment mode, and has entered a rapid development stage. Beginning in June 2006, China Construction Bank Shanghai branch launched its first long-term foreign exchange business in China, not only providing new ways for foreign investors in Chinas foreign exchange trading, but also using the margin model for the first time. This, in many peoples eyes, is a big signal for the opening of Chinas foreign exchange margin trading. According to CCTV reported that, according to the Central Television reported that foreign exchange trading has become the largest investment market in addition to shares. Largest market for investments other than equities. Therefore, although the
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