The week in renminbi: China launches RMB oil futures, Bloomberg Barclays to include Chinese bonds, new PBoC governor wants more opening up
In this round-up, trading of RMB-denominated crude oil futures kicks off in Shanghai, Bloomberg Barclays sets inclusion of onshore bonds in motion, and the governor of the People’s Bank of China reiterates the central bank’s commitment to RMB internationalisation and reform and opening up.
This morning, the Shanghai Futures Exchange launched the RMB-denominated oil futures contract, which is traded on its subsidiary, the Shanghai International Energy Exchange. The product is open to foreign traders, who can either tap the market directly or through domestic and foreign brokers.The contract, which has ...
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