Spot USD/CNH fixing in HK poised to become derivatives benchmark

Justin Chan at HSBC

The creation of a new offshore spot USD/CNY (HK) fixing in Hong Kong is expected to promote the development of offshore renminbi derivatives in the city. The development is likely to benefit FX options business as well as enable the trading of over-the-counter contracts with longer tenors, say bankers in Hong Kong involved with the offshore renminbi business. Offshore renminbi is frequently referred to as CNH by many traders.

Lawrence Lam, chair of the Treasury Markets Association (TMA) market

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 or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here