HKEX to Launch RMB-Denominated Gold Futures and More Commodity Products in Early 2025
Hong Kong Exchanges and Clearing Limited (HKEX) Managing Director Yu Xueqin announced at the Treasury Markets Summit that the exchange will launch a renminbi-denominated gold futures contract settled in Hong Kong in early 2025, followed by more RMB-denominated precious metals and commodity investment products. The initiative follows a fixed income and currency market development roadmap jointly formulated by the Hong Kong Monetary Authority and the Securities and Futures Commission last year. Yu cited the success of the 5-year government bond futures launched in August, whose open interest grew from about 900 contracts to nearly 3,000, attracting participants from the Middle East, Europe, the Americas, and Southeast Asia.
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HKEX to Launch More RMB-Denominated Gold and Commodity Investment Products
Hong Kong Exchanges and Clearing Limited (HKEX) Managing Director and Head of Markets Yu Xueqin announced that the exchange will launch a renminbi-denominated gold futures contract settled in Hong Kong early next year. Speaking at the Treasury Markets Summit, Yu stated that HKEX will subsequently roll out more renminbi-denominated investment products for precious metals and other commodities. This initiative aims to enrich the range of renminbi-denominated asset choices for investors. Yu noted that the move is part of the fixed income and currency market development roadmap jointly formulated by the Hong Kong Monetary Authority and the Securities and Futures Commission last year, with many details already implemented by HKEX. He highlighted the success of the 5-year government bond futures contract launched in August, whose open interest has grown from approximately 900 contracts in the first week to nearly 3,000 contracts currently, attracting market participants from the Middle East, Europe, the Americas, and Southeast Asia, indicating a worthwhile development direction.
Read sourceHKEX to Launch More RMB-Denominated Gold Futures and Commodity Products
Hong Kong Exchanges and Clearing Limited (HKEX) Managing Director and Head of Market, Yu Xueqin, announced that the exchange will launch a renminbi-denominated gold futures contract settled in Hong Kong early next year. This is part of a broader plan to introduce more RMB-denominated precious metals and other commodity investment products, enriching the selection of RMB-denominated assets. Yu made the remarks at a treasury market summit, noting that the move aligns with a roadmap for fixed income and currency market development jointly formulated by the Hong Kong Monetary Authority and the Securities and Futures Commission last year. He highlighted the success of the 5-year government bond futures launched in August, whose open interest has grown from about 900 contracts in the first week to nearly 3,000 currently, attracting participants from the Middle East, Europe, the Americas, and Southeast Asia. The announcement signals HKEX's commitment to expanding its RMB product ecosystem and deepening the offshore RMB market.
Read sourceHKEX Plans to Launch RMB Gold Futures and More Yuan-Denominated Commodity Products
In a speech at the Treasury Markets Summit, HKEX Managing Director and Head of Markets Yu Xueqin announced that the exchange plans to launch renminbi-denominated gold futures contracts settled in Hong Kong early next year. This is part of a broader strategy to introduce more yuan-denominated precious metals and commodity investment products, aimed at enriching the selection of RMB-denominated assets. Yu noted that the fixed income and currency market development roadmap jointly formulated by the Hong Kong Monetary Authority and the Securities and Futures Commission last year is being implemented by HKEX. He cited the success of the 5-year government bond futures launched in August, whose open interest has grown from about 900 contracts in the first week to nearly 3,000 contracts, attracting participants from the Middle East, Europe, the Americas, and Southeast Asia, as evidence of a worthwhile development direction.
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HKEX to Launch RMB Gold Futures and More Yuan-Denominated Commodity Products, Executive Says
In a speech at the Treasury Markets Summit, Hong Kong Exchanges and Clearing Limited (HKEX) Managing Director and Head of Markets Yu Xueqin announced plans to launch a renminbi-denominated gold futures contract for delivery in Hong Kong in early 2025. He stated that HKEX will subsequently roll out more yuan-denominated investment products, including precious metals commodities, to enrich the range of RMB-denominated assets. Yu noted that the 5-year Chinese government bond futures launched in August have seen open interest grow from about 900 contracts in the first week to nearly 3,000, attracting participants from the Middle East, Europe, the Americas, and Southeast Asia, indicating a promising direction. The remarks were made in the context of the fixed income and currency market roadmap jointly formulated by the Hong Kong Monetary Authority and the Securities and Futures Commission last year, with many details implemented by HKEX.
HKEX to Launch More RMB-Denominated Precious Metals Products, Executive Says
Hong Kong Exchanges and Clearing Limited (HKEX) Managing Director and Head of Markets Yu Xueqin stated that the Hong Kong Monetary Authority and the Securities and Futures Commission jointly formulated a fixed income and currency market development roadmap last year, many details of which have been implemented by HKEX. He mentioned that in August this year, HKEX will launch a five-year treasury futures gold futures contract, and will gradually roll out more renminbi-denominated precious metals and other commodity investment products. The statement was reported by Cailianshe and published on East Money's company news section.
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