China open to more trading

City A.M. Reporter
FIVE foreign banks are now allowed to trade China’s stock index futures, it emerged over the weekend, as the country takes another step in opening up to international investors.

The Qualified Foreign Institutional Investors programme is being run by the China Financial Future Exchange and allows foreigners to trade shares and bonds in the country.

Morgan Stanley, UBS and BNP Paribas are among the five, the Wall Street Journal reported.