HKEx mulls launching RMB commodities exchange
Potential first RMB commodities exchange to be launched in Hong Kong
Hong Kong Exchanges and Clearing (HKEx) is planning to construct a commodity exchange that will enable renminbi-denominated clearing services to be offered in this asset class for the first time.
The first RMB-denominated real estate investment trust (REIT) was listed by HKEx in 2011 and chief executive Charles Li says the exchange is now conducting feasibility studies into offering commodity clearing.
Li says the move into commodities has been discussed among senior management for more than 12
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