Hkex Will Push RMB Currency Futures Trading Next Month.

< p > > a href= "//www.sjfzxm.com/news/index_c.asp" > Hongkong trading and clearing house < /a > (HKEx) 4 announced that it will launch RMB currency futures trading in the trading hours after April 7th.

Li Xiaojia, chief executive of HKEx, said that the two-way fluctuation of the RMB exchange rate will become the norm and will be ready for interconnection between the mainland and Hongkong stock markets.

< /p >

< p > according to the latest arrangement, trading, clearing and risk management measures will be applicable to RMB currency futures trading at the futures trading hours of the HKEx now from 5 p.m. to 11 p.m.

The upper and lower amplitudes are defined as 3% of the final paction price of each contract month during the day trading session.

If there is no paction in the day of the contract month, the settlement price of the previous day will be used as the reference price.

< /p >

< p > Li Xiaojia expressed the belief that the future "a href=" //www.sjfzxm.com/news/index_c.asp "RMB" /a "will not only rise or fall, but two-way volatility will become the norm and favorable for the development of RMB risk management products.

The OTC clearing house established by HKEx can support the development of related products.

< /p >

Dai Zhijian, director of equity securities and fixed rate products and currency of the HKEx, said that the RMB a href= "//www.sjfzxm.com/news/index_c.asp" > /a > fluctuation has recently increased the average daily turnover of RMB currency futures by more than 5 times.

< /p >

< p > Dai Zhijian, for example, in February 25th, RMB futures traded nearly 6 thousand new trading highs, reflecting the interest of overseas investors in risk management products. Not only did they participate in short-term contracts, they also had long-term contracts, reflecting that more investors chose renminbi futures as a long-term insurance tool.

< /p >

< p > Li Xiaojia revealed that there is no conclusive conclusion on whether or not to introduce any form of a rise and fall mechanism. It is still in the preliminary stage of study. It is planning to consult the market this year. If the proposal is supported, it will give the market sufficient time to prepare and adjust it.

< /p >

< p > related links: < /p >

< p > market participants said that the Yuan's early trading was lower than the impact of the fall in the central parity price. However, the settlement market slightly gained the upper hand, which led to a sharp upward trend in the exchange rate. After the afternoon session, it expanded further and was 6.12 higher. The intra day trading atmosphere is still cautious and waiting for policy guidance.

< /p >

The opening ceremony of the National People's Congress (NPC), which has attracted much attention today, is p.

In the government work report, Premier Li Keqiang of the State Council pointed out that the basic stability of the RMB exchange rate should be maintained at a reasonable equilibrium level, a two-way floating range of exchange rate should be expanded to promote the exchange of RMB capital account.

< /p >

< p > traders believe that Premier Li Keqiang's report gives a clear policy signal, and this year's exchange rate fluctuation range will be further relaxed.

< /p >

"P" yesterday, Russian President Putin's speech reduced the possibility of a war in Ukraine, which led to the retreat of risk aversion and triggered the sharp fall in the Japanese yen, Swiss franc and gold.

< /p >