China s foreign exchange is always open at any time

China's financial sector will not be fully opened up until 2012 According to the protocol on China's accession to the WTO, among the financial services industry, the banking industry has the most thorough commitment to opening up: (1) prudent issuance of business licenses. That is, there is no economic need test or quantity limit on the business license.

Within five years of joining the WTO, all existing non-prudential measures on ownership, mode of operation, form of establishment of foreign-funded financial institutions, and licensing of branches will be abolished. In other words, when a foreign-funded bank applies to set up a branch, the PBOC shall not impose any restrictions other than the prudential standard. Foreign-funded banks set up business outlets in the same city, and the approval conditions are the same as those of Chinese-funded banks.

2) Foreign exchange business is opened in a timely manner. When China joins the WTO, it will fully open up its foreign exchange business to foreign-funded financial institutions and remove restrictions on geographical areas and service recipients. In other words, once China joins the WTO, it will allow foreign banks to conduct all foreign exchange business (including corporate business and retail business) for all customers (including Chinese-funded enterprises and Chinese residents).

3) RMB business will be opened up in phases. For the renminbi business of foreign banks, China will relax the geographical restrictions of 20 cities in five batches within four years, and remove all geographical restrictions after five years. In terms of service targets, foreign banks are allowed to handle RMB business with Chinese enterprises in 12 cities within two years after joining; Foreign banks are allowed to provide services to all Chinese customers for a period of 5 years after joining.

4) Financial consulting business is open in a timely manner. From the date of accession to the WTO, foreign-funded institutions will be able to obtain consulting, intermediary and other ancillary services related to deposit and loan business, financial leasing business, all payment and remittance services, guarantee and acceptance, corporate mergers and acquisitions, and investment in China. To put it simply, five years after joining the WTO, foreign-funded financial institutions are no different from Chinese-funded financial institutions in terms of the geographical areas they serve and the target audience they serve.

China's important commitments in liberalization, opening up its domestic market, and following international practices have had a profound and extensive impact beyond people's general expectations.

Trouble, thanks!

I believe that it will be opened in a few years, and the foreign exchange market is an international market. As long as you can make money with peace of mind.

The foreign exchange market is a 24-hour non-stop grinding market, and the most obvious point that distinguishes it from other trading markets is the continuity of time and the non-binding nature of space. Forex traders in China have a time advantage that is unmatched by other time zones.

1. The most obvious point that distinguishes the foreign exchange market from other trading markets is the continuity of time and the unbinding nature of space!

2. In other words, the foreign exchange market is a 24-hour non-stop market, and the main fluctuations and trading hours start from Monday in New Zealand to Friday in Chicago, USA. There is also a small amount of foreign exchange trading in the Middle East over the weekend, but it is basically negligible as a normal interbank exchange and not a normal speculative activity. So to sum up, the forex market is a continuous trading market that does not stop.

3. There is a market to trade, which is a well-known thing, but it does not mean that we can trade, we imitate our hands to trade, in the foreign exchange market 24 hours a day, each trading session has its own rules and characteristics, so we only need to understand his rules, in the appropriate period to take the corresponding strategy, can greatly improve the success rate of trading, but also to avoid trading risks.

The foreign exchange market will be more open, and it is difficult to say when it will be fully opened.

Zhou Xiaochuan, governor of the People's Bank of China, said a few days ago that in 2015, efforts will be made to achieve the goal of convertibility of the renminbi (,, capital account. Once realized, it will mean the liberalization of foreign exchange controls, which will have a significant impact on the global financial market.

Zhou Xiaochuan attended the 2015 China Development Forum hosted by China on March 22 and pointed out that 2015 is the last year of China's "12th Five-Year Plan" (the 12th Five-Year Plan for National Economic and Social Development), and will strive to achieve goals such as capital account convertibility. In addition, he also said that China's capital market will be more open, including bond and ** issuers will have greater freedom.

China wants to fully open up the foreign exchange market, this timetable is difficult to determine, now it is the financial crisis, this timetable will be postponed because of this, besides, China not only lacks the system, but more importantly, the lack of talents, the time to fully open the foreign exchange market is not very mature, although China wants to establish Shanghai as an international financial center, but the complexity of this system, and the uncontrollable nature of international economic changes, will affect the foreign exchange market. Therefore, it is still too early to fully open the foreign exchange market.

The opening of the foreign exchange market, but the real thing is how to make interest groups profitable, lack of talent? Lack of system? Didn't you wake up?

China still has more than 1 trillion dollars in reserves, which reached 2 trillion in 10 years, and has been in the first place ever since.

The earliest time was in 93, and then it was banned, and 01 began to set off a boom in foreign exchange investment.

According to the different uses of foreign exchange, it can be divided into foreign exchange, non-foreign exchange and financial foreign exchange.

So your question is more open-ended.

If it is the first two forms of foreign exchange, then it can be traced back to the founding of the People's Republic of China that we have carried out foreign exchange foreign trade investment activities, and the earliest foreign capital to enter China was the Soviet Union at that time.

Financial foreign exchange, is the reform and opening up, China's first slowly opened up the financial market, but China's first has always been very strict supervision of China's financial foreign exchange market. June 11, 2010. The State Administration of Foreign Exchange issued a report on the 10th, saying that in 2010, it will enrich the participants in the foreign exchange market, promote the opening up of the domestic foreign exchange market in a timely manner, and further strengthen the monitoring, analysis and early warning of cross-border capital flows.

If you first choose a formal platform such as Innova under the FCA, etc., if you are a novice, you can learn and simulate through MT4, and then you can enter the real market.

In 1979, in order to cooperate with the reform of the foreign trade system and encourage enterprises to earn foreign exchange through exports, China began to implement the foreign exchange retention system, on the basis of the centralized management and unified balance of foreign exchange by the state, according to a certain proportion of export enterprises to purchase foreign exchange quota, allowing enterprises to transfer excess foreign exchange through the foreign exchange adjustment market, thus gradually forming a dual exchange rate system in which the official exchange rate and the foreign exchange adjustment market exchange rate coexist.

In the process of blind development of the market from 1992 to 1993, a number of Hong Kong foreign exchange brokers went to the mainland to carry out foreign exchange trading business without approval, and attracted the participation of a large number of domestic enterprises and individuals.

Since the vast majority of domestic participants do not understand the foreign exchange market and foreign exchange trading, blind participation has led to large areas and large losses, including a large number of state-owned enterprises.

In August 1994, the China Securities Regulatory Commission and other four ministries and commissions jointly issued a document to completely ban foreign exchange trading (margin). Since then, the management department has been negative and severely cracked down on domestic foreign exchange margin trading.

At the end of 1993, the People's Bank of China began to allow domestic banks to conduct real foreign exchange trading business for individuals. By 1999, with the standardization of the market, the profit margin of trading has been greatly reduced, and some investors have begun to enter the foreign exchange market. According to ** TV station, foreign exchange trading has become the largest investment market in addition to **.

Compared with the domestic market, the foreign exchange market is much more standardized and mature, and the daily trading volume of the foreign exchange market is about 1000 times that of the domestic market, so although the trading rules are not fully in line with international practice, the personal real foreign exchange trading business opened by domestic banks has attracted more and more participants.

In general, the vast majority of domestic foreign exchange investors participate in the real trading of domestic banks, while margin trading, due to the domestic has not yet opened, as well as the country's foreign exchange control policy, domestic investors still need to wait for time.

FX168 Broker Channel has conducted a detailed analysis and introduction of major foreign exchange platforms, and there are regulatory inquiries and related complaint handling.