HK wants to develop itself as Yuan derivatives hub

by Adil Siddiqui
HK wants to develop itself as Yuan derivatives hub

Hong Kong currently Leads offshore renmbini trading, a recent statement from the Hong Kong Exchanges and Clearing (HKEX) is planning to offer the first Yuan-denominated derivative later in 2012.

Hong Kong has a well established financial markets trade environment and benefits from Chinese firms ‘spilling over’ in the availability of liberal trade products.

The new instrument could be offered either with the Hong Kong Mercantile Exchange or serve as its competitor.

Hong Kong banks have seen an influx in Yuan lending as HK Dollar lending has tightened as banks’ loan-to-deposit ratio in the currency rising to 85 percent at the end of October, from 74 percent a year earlier (2010).

Honk Kong became the first financial centre offering Yuan denominated Gold contract.

China offered derivatives in its stock index and has seen strong daily trade volumes as hedgers and speculators have risen to the scene.

Hong Kong currently Leads offshore renmbini trading, a recent statement from the Hong Kong Exchanges and Clearing (HKEX) is planning to offer the first Yuan-denominated derivative later in 2012.

Hong Kong has a well established financial markets trade environment and benefits from Chinese firms ‘spilling over’ in the availability of liberal trade products.

The new instrument could be offered either with the Hong Kong Mercantile Exchange or serve as its competitor.

Hong Kong banks have seen an influx in Yuan lending as HK Dollar lending has tightened as banks’ loan-to-deposit ratio in the currency rising to 85 percent at the end of October, from 74 percent a year earlier (2010).

Honk Kong became the first financial centre offering Yuan denominated Gold contract.

China offered derivatives in its stock index and has seen strong daily trade volumes as hedgers and speculators have risen to the scene.

About the Author: Adil Siddiqui
Adil Siddiqui
  • 1625 Articles
About the Author: Adil Siddiqui
  • 1625 Articles

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