Is it legal to trade forex in China?

Foreign exchange trading is not illegal, but as of 2020 the state has not formally approved a foreign exchange platform can do foreign exchange trading, because China is a foreign exchange control system. The state acquiesced now banks, especially the four major banks can be through the settlement of foreign exchange in the form of foreign exchange for foreign exchange trading.

Foreign exchange trading is the exchange of one country's currency with another country's currency. Unlike other financial markets, the foreign exchange market does not have a specific location or a centralized exchange, but trades through an electronic network among banks, businesses and individuals.

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