PBoC extends CNY trading hours
Alex Yang
More than 60 offshore banks and other financial institutions are CFETS members. Longer trading hours mean they can trade CNY – rather than offshore CNH – at more convenient times…
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Derivatives
38 posts
CSRC approves launch of industrial silicon futures on Guangzhou Futures Exchange
Polysilicon is a crucial raw material for solar panel production and silicon is key for making semiconductors, which are in just about every electronic device you can think of.
UBS becomes first foreign firm to trade Chinese commodity futures under QFII scheme
David Zhang
China has the world’s biggest commodities futures markets, but their insularity means they only have limited relevance to global commodities pricing. Increasing the relevance of Chinese commodity markets is…
CSRC issues revisions to Futures Exchange Administrative Measures
China’s financial system has grown at unprecedented scale and speed over the past decade and regulation and oversight have often failed to keep pace. Beijing wants…
Exchanges expand onshore derivatives access for foreign investors
This is yet another substantive measure in China’s cautious financial opening…
First Stock Connect-linked A shares derivative warrants begin trading in Hong Kong
This is another incremental action to both further integrate Hong Kong and mainland markets and increase the attractiveness of A shares for institutional investors…
CSRC approves trading in futures and options based on CSI 1000
Policymakers need to beef up investors’ ability to hedge risk to realize the goal of developing diverse, long-term-focused, institution-dominated capital markets. This move – and many similar moves made over the past two years – does just that…
NPCSC passes Futures and Derivatives Law
Given the scale and speed at which China’s financial system has grown over the past decade, oversight has often struggled to keep up with developments on the ground. We read Futures and Derivatives Law as Beijing’s blessing of the accelerated expansion of the futures and derivatives market.
SAFE proposes new forex derivatives to help companies manage risks
The RMB has been on an extended period of appreciation against the dollar and reached a six-year high in November. Regulators are increasingly worried that…
INE set to introduce first yuan-denominated crude options available to overseas investors
Trivium
The introduction of crude options contracts and allowing overseas institutions to trade is yet another measured step in China’s financial opening. Insufficient access to derivatives has long been a complaint of foreign investors looking to hedge their exposures…