Reuters logo
CNH Tracker-A booster shot for the Hong Kong market
May 2, 2013 / 3:20 AM / 5 years ago

CNH Tracker-A booster shot for the Hong Kong market

By Saikat Chatterjee
    HONG KONG, May 2 (Reuters) - Latest reforms in the offshore
yuan markets will help banks overcome periodic shortages of cash
and signals a new pipeline of products in a market that has
stagnated in recent quarters.
    In a series of steps last Thursday, the Hong Kong Monetary
Authority, the city's de-facto central bank, removed trading
limits and dismantled mandatory reserve requirements for banks
trading the offshore yuan. 
    The measures taken were essentially two-pronged in approach:
to help investors manage their interest rate exposure on the
back of a growing bond market and offer banks more yuan funds to
boost their trade settlement business.Even as the yuan hits a series of record highs guided by the
People's Bank of China, doubts are rising on how far the
currency can go with valuations already near the top end of
historic ranges.        
CNH Tracker-A death knell for the yuan non-deliverable market?
Hong Kong creates reference rate for offshore yuan markets
Chinese strong talk on yuan reform masks policy quandary
More stories about the CNH market                 
Daily onshore yuan reports                        
Daily China money market reports                  
Offshore yuan rate    Onshore yuan rate  
Offshore yuan dealt Onshore yuan on CFETS 

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below