CBIRC: Allow currency brokerage companies to provide matching services for market transactions such as currency, bonds, foreign exchange, gold, derivatives, etc. between financial institutions.

Officials from the relevant bureaus of the China Banking and Insurance Regulatory Commission answered questions from reporters regarding the "Regulations on the Management of Currency Brokerage Companies". In light of the development of the financial market and regulatory practices, the Regulations optimize and adjust the business scope of currency brokerage companies. Firstly, it moderately expands the scope of brokerage business, allowing currency brokerage companies to provide matching services for market transactions such as currency, bonds, foreign exchange, gold, and derivatives between financial institutions. Secondly, it clarifies the categories of derivative brokerage business. Based on functional positioning and risk prevention considerations, the Regulations specify that currency brokerage companies matching derivative transactions between financial institutions do not include equity or commodity derivatives. Thirdly, it standardizes data service provision. In alignment with existing regulations, the Regulations specify that currency brokerage companies may legally and compliantly utilize market data generated during brokerage processes to provide data services to clients.