China considers extending trading hours for onshore yuan – sources
China is considering extending its onshore currency trading hours, according to four sources familiar with the matter, a move that could spur demand for the yuan from global investors.
The central bank has surveyed some major market players and sought feedback on lengthening the daily session until 3 a.m. Beijing-time (1900 GMT), according to the sources.
Yuan trading sessions now run from 9:30 a.m. (0130 GMT) to 11:30 p.m. (1530 GMT).
Source: Reuters (Reporting by Han Xiao in Beijing, Zhang Jindong and Winni Zhou in Shanghai, and Tom Westbrook in Singapore)