Also, people in mainland China will now be able to trade with Guo Tai Jun without needing to have a Hong Kong bank account with HKD in it.
Earlier this year there were serious concerns that the Chinese authorities are about to crack down on illegal brokers, offering leveraged forex trading services to local customers. They have also banned crypto-currency trading in the country.
Yet, it seems that China is trying to liberalize its financial market which has huge potential. Local authorities recently granted a British bank a license to hold Chinese citizens’ assets for the first time, and now the government issued the first forex broker license.