China to Extend Onshore Yuan’s Trading Hours in Global Push

(Bloomberg) ― China will extend the trading hours for the onshore yuan as the government pushes ahead with plans to internationalize the currency.

Onshore yuan trading will close at 3 a.m. local time the next day rather than 11:30 p.m., effective Jan. 3, according to the People’s Bank of China (PBOC). Opening hours will remain unchanged at 9:30 a.m., the PBOC said.