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HKEx consults market on renminbi futures

September 02, 2010  

From Daniel Flatt

The operator of Hong Kong's stock and derivatives exchanges is consulting the market over the introduction of renminbi futures. The tools would greatly help companies hedge currency risk, and help spur more liquidity in the offshore market for the currency.

Hong Kong Exchanges and Clearing (HKEx) is making progress in its aim to become the first offshore jurisdiction to provide yuan renminbi futures contracts, confirming to asiamoney.com that it is conducting a soft consultation in the market.

“The project...


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 LOCAL CURRENCY DCM

Rank Bookrunner Value ($m) No. %Share
1 Samsung Securities Co 1,079 13 4.8
2 China Development Bank Corp 1,066 3 4.8
3 KB Financial Group Inc 1,052 10 4.7
4 Daewoo Securities 950 8 4.2
5 Korea Investment & Securities 865 14 3.9
6 Woori Investment & Securities 854 12 3.8
7 SK Securities 758 8 3.4
8 CITIC Securities 686 2 3.1
9 Dongbu Group 650 10 2.9
10 Haitong Securities 649 2 2.9
Subtotal 8,609 70 38.4
Total 22,396 168 100.0

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