Free-to-view photographs from the RMB FIC Market Strategy Forum in Hong Kong on May 22, 2014
Charles Li, chief executive of Hong Kong Exchanges and Clearing, began the RMB FIC Market Strategy Forum with a keynote address on the potential for greater RMB fixed income and forex trading in Hong Kong. And despite the recently proposed Shanghai-Hong Kong stock connect initial restriction to cash equities, he argued that such mutual access arrangements were likely to be the biggest driver to expansion of the fixed income/commodity markets.
There were several high-profile speakers: panel chair, Shaun Roache of the International Monetary Fund, said that whenever the supranational body wanted to know what was going on in the RMB markets they called Andrew Fung, head of Hang Seng Bank's global markets arm and speaker on the first panel. While a number of speakers called for a greater range of RMB instruments, Crédit Agricole's Frances Cheung alluded to the recent problems faced by some Taiwan corporates by suggesting that some firms were already over-hedged.
Shui Ruqing, president of the China Central Depository & Clearing Co, provided insight into the development of the onshore bond market. And from further afield the CFTC's Ananda Radhakrishnan provided the second keynote, with an interactive session that saw him stride into the audience taking questions over the direction of US over-the-counter derivative regulation and expressing his support for the futurisation of the swap sector.
More on Currency Derivatives
Ability to cross-margin FX futures against equity portfolio offers savings
Developed-economy central banks still wary of renminbi inconvertibility
Correlation of currency and underlying asset militates against hedging
Taiwan's regulator warns banks about structured hedges
Sign up for Risk.net email alerts
Investors increasing their exposure to high yield bond funds is an area of concern, according to Bénédicte Nolens, head of risk and strategy at the Securities and Futures Commission
Speaking at the Asia Risk Congress, CIMB head of rates, funding and structuring Chu Kok Wei sets out his concerns over the move to central clearing in the region
Interviewed at the Sibos conference in Osaka, David Puth talks about growth plans for Asia and the risk management implications of central clearing
Neil McGovern and Horace Chow discuss market trends, new regulation and areas of growth in the Asia region
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.