Hong Kong Exchange to expand renminbi futures offer
Four new futures contracts will be added in the second quarter of the year, giving investors new ways to hedge FX risk
Hong Kong Exchanges and Clearing Limited (HKEx) is planning to introduce additional renminbi futures contracts in the second quarter of this year, to boost the range of instruments available for hedging foreign exchange risk.
The plan, subject to regulatory approval, involves the addition of EUR/CNH, JPY/CNH and AUD/CNH futures contracts, which will all be settled in yuan.
"Cash-settled renminbi currency futures are part of our plan to expand our product portfolio across asset classes," says
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