China's Bank of Communications has signed a joint venture agreement with Sinobull Information to develop foreign exchange products.
The two businesses have developed the Foreign Exchange Bao quoting system. This provides real-time quotes from all international exchanges, trade executions, account management and market research reports. It will be marketed to institutional and individual FX investors throughout China. Joint initiatives include FX trading seminars at Shanghai and other major Chinese cities.
Sinobull Financial Group recently reported signing a strategic partnership alliance with Equis International, a wholly-owned subsidiary of Reuters Group. They will develop and implement a plan to localise Equis' MetaStock family of products and market them to financial institutions and investors in Greater China (China, Hong Kong, Macau).