Xugong finance company becomes a member of the interbank foreign exchange market 

In May 16, 2016, financial company membership of the inter-bank foreign exchange market approved China foreign exchange trading center, which is the second qualifying spot foreign exchange business, another major breakthrough in the field of foreign exchange operations, marking the financial company to a comprehensive financial platform and a major step forward.

The interbank foreign exchange market is the market for foreign currency transactions through the China foreign exchange trading center approved by the national foreign regulatory authority. In the interbank foreign exchange market, many excellent financial institutions both inside and outside the country are eligible for membership. Xugong finance company can directly trade with many financial institutions in the field and get competitive quotations.

Financial companies implement group "business philosophy, the internationalization of lean, make up the short board, sustainable", has been dedicated to the members of the unit to provide comprehensive, fast, excellent financial services, help the group to achieve the goal of world-class enterprise. Financial companies to join the inter-bank foreign exchange market, will open up between the members of the unit and the foreign exchange market channel, the greatest extent for the members of the unit to provide preferential price, make foreign exchange business income retained within the group, to reduce the group's overall financial costs. At the same time in the inter-bank foreign exchange market in foreign exchange for a long or short unified operation flat plate, can effectively reduce the exchange rate risk group, improve the overall efficiency of the group of foreign exchange funds, and to provide more effective support for the members of the unit of foreign trade, foreign mergers and acquisitions.

At present, the financial company has opened the data of the safe to submit the dedicated line and interface, interbank foreign exchange market trading line and trading system, and equipped with professional foreign exchange traders. The next step, the company will actively reserve foreign exchange financial credit, other financial companies offer experience, efforts to optimize the business rules and procedures; at the same time, strengthen the research on the international financial market, the domestic foreign exchange market and exchange rate policy, in the support group, the early start spot foreign exchange business for members of the unit, to provide quality efficient international financial services for the internationalization of the group.