Q&A: Vincent Craignou, HSBC

The Chinese renminbi is increasingly being used for investment purposes via structured notes as opposed to just for hedging and trading, Vincent Craignou, global head of fx and precious metals derivatives at HSBC, told DW in an exclusive interview. “We had RMB for trade. We had RMB for hedging and now an interesting development this year is that we now see RMB for investment too,” Craignou said. “We’ve always seen hedge funds or other institutional investors play the appreciation of the RMB but this year we’re also seeing private clients buying notes to benefit from the appreciation of the RMB.”