The foreign exchange regulator and asset manager of China’s vast FX reserves has said that it wants to deal with salespeople who are based in the same country as the products they are touting. While the purpose for this request has not yet been made clear it has not as yet caused too much panic among banks.

China’s State Administration of Foreign Exchange (SAFE) is understood to have requested that any approaches made by salesmen regarding investment of its vast foreign exchange reserves be conducted locally, asiamoney.com understands…

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