New Products
HK Stock Exchange To Launch RMB Futures

Hong Kong's stock exchange will offer trading in Chinese currency futures from next month, coming as the world's first deliverable yuan- or reminibi-denominated futures.
Hong Kong Exchanges and Clearing Ltd will introduce the futures on 17 September, a move which has been discussed since April. The futures will be quoted in yuan per US dollar.
"These new futures are part of our strategy to offer a wide range of RMB-related products and expand beyond equities and equity-related derivatives into fixed income, currencies and commodities," said HKEx chief executive Charles Li in a statement.
"In addition, they will help us support RMB internationalisation and Hong Kong's further development as an offshore RMB centre," Li added.