Guo Tai Jun Receives First Chinese Forex License

[kreslik.news]

A Hong Kong-based foreign exchange (FX) broker appears to have become the first company to receive a Forex License from the Chinese government on Monday. According to the Chinese Forex Trading Center, Guo Tai Jun will be allowed to enter the interbank FX trading market and broker deals for “spot FX, futures and swap currency trading operations.”

Prior to this, individuals that wanted to trade with Guo Tai Jun would have to have a bank account in Hong Kong and hold HKD in that account. Now people in mainland China will be able to trade with the company.

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