Foreign exchange trading hours table (GMT+8):

Sydney: 07: 00- 14: 00

Tokyo: 08: 00- 14: 00

Hong Kong: 09: 00- 16: 00

Singapore: 9: 00- 16: 00

Frankfurt: 15: 00-23: 00

London: 15: 30-23: 30 (summer)

London: 16: 30-00: 30 (winter)

New york: 20: 20-03: 00 (summer)

New york: 2 1: 20-04: 00 (winter)

SAFE: China interbank foreign exchange market extended trading hours yesterday.

The State Administration of Foreign Exchange has decided that from today, the trading hours of the inter-bank foreign exchange market of China Foreign Exchange Trading Center will be extended from 9: 30 am to 1 1: 30 pm to 9: 30 pm, with a lunch break.

The State Administration of Foreign Exchange said that extending the trading hours in the foreign exchange market is of positive significance to the development of China's foreign exchange market:

First, it has realized all-day trading of RMB against four major foreign currencies, namely, US dollar, Japanese yen, Euro and Hong Kong dollar, improved the operating mechanism of China's inter-bank foreign exchange market, and laid a foundation for further promoting the reform of the inter-bank foreign exchange market;

Second, it provides a longer trading time for market members, which objectively makes the financial positions of local and foreign currency settlement and sale of foreign exchange of commercial banks replenished in time in the afternoon, and also provides convenience for enterprises to settle and sell foreign exchange in the afternoon, broadening the channels for banks and enterprises to avoid exchange rate risks;

Third, it increases the frequency of quotation and trading opportunities for members, which is conducive to activating the inter-bank foreign exchange market transactions and further promoting the marketization process of RMB exchange rate formation.