TMCnet News
PFGBEST Receives China Banking Regulatory Commission ApprovalCHICAGO --(Business Wire)-- PFGBEST is moving on official approval from the China Banking Regulatory Commission ("CBRC") to build on the PFGBEST brand in China. The CBRC is the primary banking regulator in China, supervising banks and non-bank institutions and their business operations within the country. "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 contiue 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. PFGBEST offers products that help clients achieve their sustainability goals for longer-term investing, including managed futures and foreign exchange strategies, accumulation plans for gradual purchasing of gold, silver, or foreign currencies, and many broker-assisted programs. PFGBEST's market comments and analysis have been widely quoted by major Chinese media including Xinhua News and People's Daily. The PFGBEST Representative Office is located at 1366 West Nanjing Road, Plaza 66, Tower 2, Unit 2702, Shanghai, China. The contact info for the PFGBEST Shanghai Representative Office is: +86-21-6113-0198, or visit www.PFGCHINA.com. About PFGBEST: PFGBEST is among the largest non-clearing U.S. Futures Commission Merchants, with customers, affiliates and offices in more than 80 countries. PFGBEST specializes in sustainable investing practices through electronic trading, futures, foreign exchange, options, managed accounts, full-service and discount brokerage, precious metals, and investor research. The company is also an advocate and provider of market education, offering numerous free webinars each week attended by hundreds of people wishing to further their knowledge and skills in trading, charting, electronic market access, trading psychology, and many other topics. Further English language information about PFGBEST and its proprietary suite of trading products and platforms can be located at www.PFGBEST.com. |

