China's central bank says the country's foreign exchange market will extend trading hours by 7 hours starting from January 4th.
Trading hours for the yuan in the Shanghai-based exchange will last till 11:30 pm local time.
The People's Bank of China, along with the forex regulator, said in a statement that they will also allow more overseas banks to enter the interbank forex market.
For more on the topic, CRI’s Shane Bigham spoke with Cao Can, CRI's financial commentator.
Source:
http://english.cri.cn/12394/2015/12/24/4081s909799.htm
