The operator of the Hong Kong stock exchange said Wednesday that it plans to offer trading in Chinese currency futures from the middle of next month. Hong Kong Exchanges and Clearing Limited (HKEx) will introduce futures in the renminbi (RMB), also known as the yuan, on September 17, it said -- the first offshore futures contracts deliverable in the currency. HKEx hopes the move, first announced in April, will give it a larger role in the city\'s burgeoning yuan market as China works to internationalise its currency, Dow Jones Newswires reported. The contracts will enable investors to speculate on the yuan against the dollar, Dow Jones added. \"These new futures are part of our strategy to offer a wide range of RMB-related products,\" HKEx Chief Executive Charles Li said in a statement. \"In addition, they will help us support RMB internationalisation and Hong Kong\'s further development as an offshore RMB centre,\" he added.
GMT 09:43 2018 Tuesday ,23 January
Global unemployment down but working poverty rampantGMT 15:13 2018 Sunday ,21 January
All you need to know about Davos 2018GMT 22:33 2018 Saturday ,20 January
Calls for action over dirty money flowingGMT 04:42 2018 Saturday ,20 January
Storm caused 90 mn euros in damage: Dutch insurersGMT 07:06 2018 Friday ,19 January
China economy rebounds in 2017 with 6.9% growthGMT 11:35 2018 Thursday ,18 January
'Massive' infrastructure spending needed in AfricaGMT 14:29 2018 Wednesday ,17 January
GE takes one-off hit of $6.2 bn linked to insurance activitiesGMT 18:55 2018 Tuesday ,16 January
London stock market edges to new high

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor