HKEX Gets Approval to Launch Four New Renminbi Currency Futures
Posted: Sun May 22, 2016 5:13 pm
Euro, Japanese Yen, United States Dollar, and Australian Dollar futures will be launched against the Chinese Renminbi (CNH or offshore RMB) currency by Hong Kong Exchanges and Clearing (HKEX) which today announced it received regulatory approval to offer the four new RMB currency futures set to go live on May 30th, 2016.
The cash-settled EUR/RMB, JPY/RMB, AUD/RMB will trade in Renminbi, and the RMB/USD futures will be priced in US Dollars, and all of which are aimed to appeal to hedgers and the risk-management needs of traders seeking exposure in China’s emerging currency as well as serving the capital efficiency of ... (read more)