Article: CHINA'S CENTRAL BANK TO SET UP FOREIGN EXCHANGE DEPARTMENT.

BEIJING, Aug 15 Asia Pulse - The People's Bank of China, the central bank, will establish a foreign exchange department.

With the approval of the State Council, the Cabinet, major functions of the new department include: administering foreign exchange, regulating domestic foreign exchange market, conducting analysis on the global foreign exchange market and international capital flows and advising ...

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