中国的机遇:21世纪外汇交易发展趋势

<正> The China Foreign Exchange Trade System and the State Administration of Foreign Exchange have instituted many changes in the last decade.The result is an interbank FX market that today is healthy and steadily growing.Indeed,it has responded well to reforms designed to increase volumes. These reforms have been watched-and helped-by those of us in the West with great interest. As the top-ranked foreign bank for turnover in the Chinese interbank FX and money markets,BMO Financial Group is extremely encouraged and excited by what we see, both now and for the future. FX trading volumes are expected to increase dramatically in the next five years as global trade with China continues its rapid ascent. New reforms to extend interbank trading hours,provide incentives to lower commissions and boost interbank trading interest will all help to increase trading volumes,as will China's entry into the WTO. There is little doubt that these changes are paying great dividends for China.My message to you today is simple: embrace