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Yuan steps into futures on Hong Kong platform

Posted on 19 September 2012

China’s internationalization of the yuan, also called the renminbi, is gaining pace now that the operator of the Hong Kong Stock Exchange has unveiled the world’s first deliverable offshore yuan futures.
Giving traders a way to bet on yuan futures, through contracts based on yuan-U.S. dollar exchange rates, is “part of our strategy to expand beyond equities and equity-related derivatives,” said Charles Li, chief executive of the market operator, Hong Kong Exchanges and Clearing Ltd……………………………………….Full Article: Source


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