
Hong Kong seeks to create ‘fixing’ rate for offshore renminbi; move will bolster derivatives market

The Hong Kong Monetary Authority's (HKMA) Treasury Markets Association is working with Hong Kong banks to create fixing rates for the offshore renminbi market, often dubbed ‘CNH', before the end of this year. "We support market initiatives that enhance robustness of the RMB business development," an HKMA spokesperson tells Asia Risk.
Hong Kong is keen to establish itself as a pre-eminent centre for offshore renminbi, and creating a fixing rate is viewed as an important step to establishing a
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Currency derivatives
Regulation
French regulator questions need for share trading equivalence
Esma’s reinterpretation ahead of Brexit reduces need for equivalence system, says AMF official
Receive this by email