BEIJING, Oct. 10 (Xinhua) -- China's central bank announced on Saturday that it will scrap the reserve requirement for forward forex trading starting Oct. 12.
The foreign exchange risk reserve ratio for forward forex trading will be reduced from 20 percent to zero, the People's Bank of China said in an online statement.
The move was made as the country's foreign exchange market operation has remained stable with balanced market supply and demand since the start of this year, according to the statement. Enditem
