Hong Kong Exchange to offer renminbi futures
The move aims to deepen links with mainland China and give investors new ways to tackle a fall in offshore liquidity
The Hong Kong Exchange (HKEx) is set to introduce yuan-related futures contracts as it aims to forge stronger links with China. These contracts will allow hedging between the yuan and the euro, the yen, the Indian rupee and the Malaysian ringgit.
Plans to introduce gold futures that can be settled in renminbi and dollars are also being examined.
"The cluster of all these currency instruments will hopefully create an ecosystem for China to say there is an offshore market you can trade," says
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