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Should demand deposits for foreign exchange derivatives transactions be declared to SAFE?
No need. Official website, the State Administration of Foreign Exchange, showed that in the management system of foreign exchange derivatives trading, it was pointed out that as long as one has the qualification to operate derivatives, one only needs to report to the CBRC to engage in foreign exchange derivatives trading, and no objection from the regulatory authorities within 10 days can be regarded as acquiescence, and foreign exchange margin business can be started. There is no need to report to other departments.