Chinese exporters step up FX sophistication
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Onshore corporates traded record FX options volumes in June and are tapping experienced bank traders
Foreign exchange dealers are seeing a wave of Chinese corporates increasing their risk management capabilities, tapping into more complex hedging products and recruiting sophisticated traders.
One sign of this increasing sophistication is the firms’ greater use of options and option-embedded structures. According to data from China’s State Administration of Foreign Exchange (Safe), commercial
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