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BYD allots US$5 billion for forex derivatives trading to hedge risks from yuan volatility

BYD, the world’s largest electric vehicle (EV) maker, has earmarked US$5 billion for foreign exchange derivatives trading to reduce risks…

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New Business

Chinese lithium giant Ganfeng plans to trade derivatives to offset overseas risks

Ganfeng Lithium, China’s biggest producer of the key battery metal, plans to seek shareholders’ approval to engage in the trading…

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