S.Korea c.bank selects 12 market makers for yuan-won market

Industrial Bank Of Korea

03/11/2014 05:30

SEOUL, Oct 31 (Reuters) - South Korea designated 12 banks 
including Deutsche Bank  DBKGn.DE , Industrial and Commercial 
Bank of China  601398.SS , JP Morgan Chase & Co  JPM.N  and HSBC 
 HSBA.L  as market makers for direct yuan-won transactions, 
which will kick-off in mid-December, the Bank of Korea said on 
Monday. 
    Other banks selected include China's Bank of Communications 
 601328.SS  as well as Shinhan Bank  055550.KS , Woori Bank 
 053000.KS , the Industrial Bank of Korea  024110.KS , Korea 
Development Bank, Korea Exchange Bank  KEBI.UL  and the local 
branches of Standard Chartered Bank  STAN.L  and Citigroup 
 C.N . 
     
 
 (Reporting by Christine Kim; Editing by Tony Munroe; Editing 
by) 
 ((christine.kim@thomsonreuters.com; 822 3704 5665; Reuters 
Messaging: christine.kim.thomsonreuters.com@reuters.net)) 
 
Keywords: SOUTHKOREA ECONOMY/YUAN