--Eleni Himaras
Seven banks began trading onshore Chinese yuan options today.
According to the China Foreign Exchange Trade Center, the firms were: Bank of China; Bank of Communications; China CITIC Bank; Citibank (China); Deutsche Bank (China); HSBC Bank (China); and Industrial and Commercial Bank.
Beng-Hong Lee, head of FX trading for China at Deutsche Bank in Shanghai, said he was seeing trades with ....