Cross-border RMB derivatives in store for Shanghai FTZ

Chinese authorities intend to allow the use of cross border renminbi derivatives for hedging purposes by financial institutions operating in the Shanghai free trade zone, according to market officials.

  • By GlobalCapital
  • 16 Jan 2014
A derivatives lawyer in Beijing told Asiamoney's sister publication Derivatives Week that the ability to use cross border RMB derivatives would be an important aspect for financial firms operating in the FTZ. “[RMB cross border derivatives] is a big one,” the lawyer said. “In the past, you couldn't ...

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