Lates News

HKEX Managing Director and Head of Markets Wilfred Yiu said that the HKMA and the SFC jointly formulated a roadmap for the development of the fixed income and currency markets last year, and many of its details have been implemented through HKEX. He noted that the 5-year Treasury bond futures launched in August this year saw open interest rise from about 900 contracts in the first week of launch to nearly 3,000 contracts at present, attracting market participants from the Middle East, Europe, the United States, and Southeast Asia, reflecting that this is a direction worth developing. Speaking at the Treasury Markets Summit, he revealed that a renminbi-denominated gold futures contract settled in Hong Kong is expected to be launched in early next year, with more investment products in commodities such as renminbi-denominated precious metals to be rolled out successively, in order to enrich the choices of renminbi-denominated assets. (RTHK).