US EUROPE AFRICA ASIA 中文
Business / Biz Photos

Top 5 offshore renminbi investments

Updated: 2014-10-13 08:48 (chinadaily.com.cn)
Comments

4. Renminbi currency futures

Hong Kong Exchanges launched world's first deliverable renminbi currency futures in September 2012, and has seen the market turning around from a small sum trading volume in the first year or so to hitting over 6,000 contracts on a single day when renminbi fell the most earlier this year since new foreign exchange rate policies were introduced in 2005.

The futures, in a bid to help managing exposure to the expanding offshore renminbi market, offer a contract size of $100,000 with eight contract months up to 16 month tenor. It trades on day session and after-hours session, covering in part European and US business hours, and could settle in physical delivery.

A total of $1,485 million worth of notional value was transacted in August, according to Hong Kong Exchanges. The trading volume in the after-hours session accounted for 13 percent of that in the day session.

Top 5 offshore renminbi investments

 

Hong Kong Monetary Authority announces to extend up to 10 billion yuan interbank lending to facilitate liquidity and seek relaxation on the daily conversion limit of 20,000 yuan, as Shanghai-Hong Kong Stock Connect is expected to roll out late in October, Sept 16, 2014. [Photo/IC]

 

Top 5 offshore renminbi investments Top 5 offshore renminbi investments Top 5 offshore renminbi investments
Fruit and vegetable carnival fascinates tourists in Shanghai  Enjoy shopping at Sanya's duty-free shop
Yangcheng Lake crabs make their way to Beijing 

Photo
8.03K
...
...