Wednesday, September 18, 2013

China and Hungary sign currency-swap agreement


China and Hungary sign currency-swap agreement

The People's Bank of China revealed on September 9th that it has signed a RMB10 billion (US$1.62 billion) currency-swap deal with Hungary’s central bank. China’s State Council has approved the three-year agreement which can be extended should both parties wish. According to a PBOC statement, the agreement seeks to reinforce bilateral financial cooperation, encourage trade and investment, and mutually sustain regional financial stability.
China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?
Futures and Options Risk Disclosure
Trading futures and options involves the risk of loss. You should consider carefully whether futures or options are appropriate to your financial situation. You must review the customer account agreement and risk disclosure prior to establishing an account. Only risk capital should be used when trading futures or options. Investors could lose more than their initial investment. Past results are not necessarily indicative of futures results. The risk of loss in trading futures or options can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition

No comments: