Homepage
PR Newswire
25-04-2013, 09:51 PM
Hong Kong is the largest yuan offshore business, probably 80% of market share. Singapore is catching-up.
Not quite sure CNH HIBOR will facilitate the creation of more hedging option?
Hong Kong creates reference rate for offshore yuan markets
HONG KONG - The Hong Kong Monetary Authority said on Thursday it would launch an interbank reference rate for the offshore yuan market (CNH) in June, a long-awaited move that will facilitate the creation of more hedging options for those investing or trading in the currency.
The move to create a CNH HIBOR fixing will help address a widespread concern about a lack of hedging options that has restrained enthusiasm for holding the yuan.
http://www.todayonline.com/business/hong...an-markets
Not quite sure CNH HIBOR will facilitate the creation of more hedging option?
Hong Kong creates reference rate for offshore yuan markets
HONG KONG - The Hong Kong Monetary Authority said on Thursday it would launch an interbank reference rate for the offshore yuan market (CNH) in June, a long-awaited move that will facilitate the creation of more hedging options for those investing or trading in the currency.
The move to create a CNH HIBOR fixing will help address a widespread concern about a lack of hedging options that has restrained enthusiasm for holding the yuan.
http://www.todayonline.com/business/hong...an-markets
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡