China Foreign Exchange Trade System Releases Offshore RMB FX Business Guidelines

According to Jin10, China's Foreign Exchange Trade System released the "China Foreign Exchange Trade System Offshore RMB Foreign Exchange Business Guidelines," which took effect on the day of publication and repealed the "China Foreign Exchange Trade System Free Trade Zone RMB Foreign Exchange Trading Business Guidelines" (Zhonghui Jiao Fa [2024] No. 378). The guidelines say offshore RMB foreign exchange trading hours are 07:00 (UTC+8) to 03:00 the next day, and the market is closed on Saturdays, Sundays, and China's statutory holidays.