HKEx to launch RMB futures in Q3
Hong Kong Exchanges and Clearing (HKEx) plans to launch renminbi (RMB) currency futures in the third quarter, after receiving approval from the Securities and Futures Commission, it said today (May 28). The futures will be the first to be settled in RMB, marking a further step towards the internationalisation of the Chinese currency.
The exchange's RMB currency futures will require delivery of US dollars (USD) by the seller and payment of the final settlement value in RMB by the buyer at
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