Cost and tight regulation slow CNY derivatives growth, says CFFEX

China onshore forex derivatives market a fraction the size of its EM peers

dollaryuan

A combination of high trading costs in Shanghai and a conservative regulatory climate are slowing down a much-needed expansion of the onshore (CNY) currency derivative market, according to a senior official of the China Financial Futures Exchange (CFFEX).

Junjun Zhu, senior manager in CFFEX's foreign exchange derivatives department, said that while China has been liberalising its currency since the 2005 float of the renminbi against the dollar – within a certain range – the forex derivative mark

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net 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 indvidual account here: