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HKEX Gets Approval to Launch Four New Renminbi Currency Futures

Posted on 24 May 2016

Euro, Japanese yen, United States dollar, and Australian dollar futures will be launched against the Chinese renminbi (CNH or offshore RMB) by Hong Kong Exchanges and Clearing (HKEX) which today announced that 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 and AUD/RMB will trade in renminbi, and the RMB/USD futures will be priced in US dollars, and all of them are aimed at appealing to hedgers and the risk-management needs of traders seeking exposure in China’s emerging currency as well as serving the capital efficiency of exchange-traded futures, as per the HKEX update………………………………………..Full Article: Source


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