Here you will find a list with the best binary options brokers in China. As you may know the Chinese economy is the second largest in the world. Thanks to the population of more than 1.2 billion, the nation has more than 20% of the entire population of the world – this is how big China is.
But when it comes to binary options, the country is still in a very initial phase of discovering this amazing online investment method. However, we do believe that this will change soon because there are basically no restriction for Chinese citizens who would like start dealing with this.
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Although it is considered to be very old fashioned and restrictive, the Chinese banking system and its regulation over financial investments is pretty well organized and modern and it is constantly adapting to new realities. However, the Chinese regulatory bodies and government can’t oversee the activities of billions of individuals and this is why the habit of bending certain restrictions is common.
The bad news is China is being overlooked by most binary options brokers despite being one of the most powerful economies with the 3rd largest stock exchange market worldwide. However, the largest binary option broker in the world – AnyOption, provides trading platform in Chinese in order to make the Chinese customers feel more comfortable.
The result is more than clear – the binary market in China is relatively underdeveloped and small. However, if any broker decides to penetrate into the Chinese market, it will not meet any juridical or legal issues for doing so. There are no regulation for this derivative in China so any citizen can freely trade with binary options. Good thing is that the number of binary options traders has increased immensely in the last couple of years showing that people are interested in this type of investment.
The banking and other economical-related sectors in China are mainly state owned, the key strategy is modernization. It enables foreign banks to leave their mark so that they can operate in all major Chinese cities.
The regulations started mellowing down in the last couple of years with mortgages and loans being easier to get and common. What is even more interesting – while laws are intricate and restrictions exist, the enforcement is really complicated.
Chinese people are constantly finding ways to go over the more restrictive laws, especially the ones related to the private investment overseas. It is considered as normal for the wealth people to transfer their funds using friends and relatives. Here is a list of brokers you can use in China.