PFGBEST is moving on official approval from the China Banking Regulatory Commission (CBRC) for building on the PFGBEST brand in China.
The commission is the primary banking regulator in China and supervises primary banking regulator in China.
"We are happy and delighted with this approval from CBRC. As one of the first U.S. Futures & Forex firms to receive CBRC approval, we are fulfilling our long-term commitment to this fast growing market," said PFGBEST President and Chief Operating Officer Russ Wasendorf, Jr. "China is a vast, dynamic market and this permits us to use our talent and technology leadership to serve the demand through the region for global foreign exchange with many exchange-listed products. In our view, China has the potential to establish one of the largest financial services industries in the world," he said.
Mr. Kem Chong, PFGBEST Chief Representative in China said: "CBRC’s approval allows us to conduct market research and promote our most successful trader education programs. It will help us to continue expanding relationships with investors and traders, financial media, academic and technology partners, and regulators in mainland China." Kem Chong has been with PFGBEST for six years.
The PFGBEST Representative Office is located at 1366 West Nanjing Road, Plaza 66, Tower 2, Unit 2702, Shanghai, China.