Other BriefingsForex Now Available Outside Banks in China
BEIJING, Aug. 21 – In a sign that China is further liberalizing its banking industry, it is now possible to exchange foreign currencies at non-banking sites the Beijing Morning Post reported.
Citing the Beijing Administration Department of Foreign Exchange under the State Administration of Foreign Exchange, the paper reported that the first chartered site was established at the Beijing Capital International Airport, while trials of chartered individual domestic and foreign currency exchange business were launched in Shanghai and Beijing yesterday.
The establishment of a 24-hour chartered currency exchange sites at the airport will allow travelers arriving at the capital airport to currently exchange 16 different types of currency.
The chartered currency exchange sites are also expected to be established in travel agencies involved in overseas tourism in locations such as Beijing’s Financial Street and the Central Business District.
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