Forex Market History In China

The forex market history in China can be dated back to the early 19th century. In the process of blind development of future markets in 1993, a number of forex brokers from Hong Kong arrived in China to carry out forex futures trading. This attracts a large number of domestic enterprises and individuals in China.

The majority of participants does not understand the domestic forex market and participates in the market blindly. This leads to a lot of loss, including a large number of state-owned enterprises. However, at the end of 1993, People’s Bank of China allowed domestic banks to carry out the forex trading of individual-oriented firm offer. The forex history in China shared in this article will let you know more about the forex market.

History of forex market in China actually can be traced back to 1999 when some investor began to enter forex market. Then, domestic firm offer trading has gradually become a new kind of investment and been into the rapid development stage. Forex market is more regulated as compared with stock market, so firm offer trading ran by domestic banks has attracted more and more participants.

Today, China’s foreign exchange reserves reach up to 2.13 trillion dollars. The reserves, already the world's largest, grew by 185.6 billion dollars in the first six months of 2009. China 's real estate market has rebounded, at the same times attracts overseas investors who are allocating capital. In recent years, China is becoming more attractive to foreign investors, which leads to capital inflows.

History of currency trading in China shared in the above article will help you know more about the development in forex market.