China Foreign Exchange Trade System, Circular on Launching the Prime Brokerage Business on the Interbank Foreign Exchange Market

中国外汇交易中心关于在银行间外汇市场推出主经纪业务的通知

July 24, 2020 | BY

Susan Mok

The interbank foreign exchange market launches prime brokerage business

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Issued: May 27, 2020

Main contents: A domestic renminbi/foreign exchange market maker may file with the China Foreign Exchange Trade System (CFETS) to become a renminbi/foreign exchange prime broker; a G10 currency pairs market maker or member may file with CFETS to become a G10 currency pairs prime broker.

Under the interbank bond market direct investment model (CIBM-Direct), a foreign investor complying with thePeople's Bank of China, Announcement [2016] No.3 and other relevant regulatory