Banks launch struc­tured yuan prod­ucts for clients

China Daily (Canada) - - BUSINESS -

Sev­eral banks launched struc­tured cur­rency op­tion prod­ucts de­nom­i­nated in yuan for cor­po­rate clients in China in the past week, af­ter the cen­tral govern­ment eased con­trols on yuan derivatives this month. Those tools will of­fer im­porters and ex­porters more so­phis­ti­cated fi­nan­cial in­stru­ments to hedge cur­rency risk against the back­drop of a more volatile yuan this year.

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