HK Ex­change to of­fer yuan cur­rency fu­tures, gold con­tract

The Pak Banker - - MARKETS/SPORTS -

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.

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