HKEX to Launch RMB-Denominated Gold Futures in Early 2027, More Commodity Products to Follow
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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.
Source report
September 23 – Benjamin Yu, Managing Director and Head of Markets at Hong Kong Exchanges and Clearing Limited (HKEX), stated that the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) jointly formulated a roadmap for the development of the fixed income and currency markets last year, with many details already implemented by HKEX.
Speaking at the Treasury Markets Summit, Yu noted that the five-year government bond futures launched in August this year have seen open interest rise from approximately 900 contracts in the first week to nearly 3,000 contracts currently. The product has attracted market participants from the Middle East, Europe, the United States, and Southeast Asia, indicating a promising direction for development.
Yu also revealed that HKEX plans to launch renminbi-denominated gold futures contracts settled in Hong Kong in early 2025. The exchange will gradually introduce more investment products denominated in renminbi, including precious metals and other commodities, to enrich the range of renminbi-denominated asset options.
(Source: Radio Television Hong Kong)
Source
金十数据Regional
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HKEX to Launch RMB-Denominated Gold Futures and More Commodity Products in Early 2025