HKEX To Launch Four New Renminbi Futures Contracts in Hong Kong

[kreslik.news]

As the demand for trading China’s currency builds, the Hong Kong Exchanges and Clearing Limited (HKEX) has today announced plans to introduce additional Renminbi (RMB) currency futures during the second quarter already underway and subject to regulatory approval.

The company’s press release explained that some of the planned contracts include cash-settled Euro-RMB, Japanese yen-RMB, and Australian dollar-RMB, as well as US dollar-RMB, and described the additions as a tool to give RMB traders ways to hedge their risk in the Chinese offshore RMB currency (CNH).

The news comes on the heels of higher trading volumes, as the existing futures had a ... (read more)