Is China entering margin FX?

Doors to the worlds next big economy seem to be openign up for FX brokers. The Chinese authorities have tried to stamp out FX trading for locals in foreign markets however international brokers have been trying their utmost to establish some sort of position in China. With an estimated 30% of Chinese internet users online trading firms are hungry to source the Chinese traders.

Currently the Yuan a NDF has limited onshore trading, new centres like Hong Kong are embracing the offshore Yuan market.

Gain Capital a leading listed FX broker was given the red card by local authorities for promoting FX products however the firm got approval to offer educational service in mainland China.

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