End Users Sell CNH Puts For Yield Gain

Corporates, hedge funds and institutional investors have been selling offshore Chinese renminbi put options against the U.S. dollar in recent weeks to gain extra yield over the interest rates on retail deposits, according to Eddie Wang, head of fx structuring for Asia at Crédit Agricole in Hong Kong.

  • 02 Sep 2011

Corporates, hedge funds and institutional investors have been selling offshore Chinese renminbi put options against the U.S. dollar in recent weeks to gain extra yield over the interest rates on retail deposits, according to Eddie Wang, head of fx structuring for Asia at Crédit Agricole in Hong Kong. ...

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