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FOREIGN EXCHANGE | Cesar Tordesillas, China
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ICBC conducts RMB option trading with BOC

ICBC carried out numerous RMB-foreign currency option trading with Bank of China on the inter-bank foreign exchange market.

 

Relevant people-in-charge with both ICBC and BOC say that the two banks will, as always, stick to promoting innovation and delivering services, make full use of their professional advantages, and play a positive role in boosting trading activities on the inter-bank foreign exchange market and providing customers with high quality risk-hedging services under the precondition of strictly abiding by regulatory provisions.

ICBC's RMB-foreign currency option trading with BOC on the first day of the launch is of prominent exemplary significance, marking that China's RMB-foreign currency option trading has officially entered the substantive stage of operation and at the same time laying a solid foundation for starting RMB-foreign currency option trading for customers in the next phase.

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