HK Exchange to offer yuan currency futures, gold contract
Hong Kong Exchanges & Clearing Ltd. will introduce yuan-related currency futures as the bourse aims to deepen links with China. The futures contracts will cover the Chinese currency's exchange rates against the yen, euro, Indonesian rupiah and Malaysian ringgit, Chief Executive Officer Charles Li said at a conference in Hong Kong on Tuesday. A yuandenominated gold contract is also in the works, he said.
"The cluster of all these currency instruments hopefully will create an eco system for China to say there is an offshore market that you can trade," Li said.