Hong Kong Exchange to Offer Yuan Currency Futures, Gold Contract
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Hong Kong Exchanges & Clearing Ltd. will introduce yuan-related currency futures as the bourse aims to deepen links with China.
The futures contracts will cover the Chinese currency’s exchange rates against the yen, euro, Indonesian rupiah and Malaysian ringgit, Chief Executive Officer Charles Li said at a conference in Hong Kong on Tuesday. A yuan-denominated gold contract is also in the works, he said.