{"id":27542,"date":"2021-11-21T07:03:06","date_gmt":"2021-11-21T07:03:06","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=27542"},"modified":"2021-11-21T07:03:06","modified_gmt":"2021-11-21T07:03:06","slug":"china-foreign-exchange-committee-tells-banks-to-limit-speculative-trading-as-yuan-surges","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=27542","title":{"rendered":"China Foreign Exchange Committee tells banks to limit speculative trading as yuan surges"},"content":{"rendered":"<p>Source: China &#8211; South China Morning PostAn organisation formed by key participants in China\u2019s currency market urged banks to limit speculative foreign-exchange trading after the yuan climbed to a six-year high versus peers.The China Foreign Exchange Committee (CFEC)\u2013 founded under guidance from the central bank \u2013 encouraged lenders to be risk-neutral when trading foreign exchange for themselves and for clients, according to people familiar with the matter.Banks were advised to better track their proprietary trading and improve risk\u2026<a href=\"https:\/\/www.scmp.com\/news\/china\/article\/3156846\/china-foreign-exchange-committee-tells-banks-limit-speculative-trading?utm_source=rss_feed\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: China &#8211; South China Morning PostAn organisation formed by key participants in China\u2019s currency market urged banks to limit speculative foreign-exchange trading after the yuan climbed to a six-year&hellip; <\/p>\n","protected":false},"author":0,"featured_media":27543,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/27542"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27542"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/27542\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/media\/27543"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27542"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}