HKExs renminbi contracts ambition will depend on regulators

HKEx's renminbi contracts ambition will depend on regulators 17 Mar 2010

Hong Kong Exchanges and Clearing’s ambition to launch derivatives in renminbi will depend on future regulatory developments, the exchange has told Futures and Options Intelligence.

At present, all HKEx’s derivatives are denominated in Hong Kong dollars, but the exchange wants to develop closer ties with mainland China and Chinese exchanges. On March 4 it said it would expand its product range with renminbi contracts, but Calvin Tai, head...

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“The American public deserves a better depiction of the marketplace. The temporary relief from higher prices does not negate this need, especially given that a rebounding of the overall economy could lead to higher commodity prices.”

Gary Gensler, chairman of the Commodity Futures Trading Commission, believes commodity index funds and other financial investors participated in a commodity asset bubble

FOi - Futures and Options Intelligence

HKEx's renminbi contracts ambition will depend on regulators 17 Mar 2010

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