The HKEX announced on May 5 that it plans to launch a physically settled CNH (offshore Chinese yuan) and US dollar gold futures contract – the first such pairing on the same exchange platform anywhere in the world.
The contract is still awaiting regulatory approval from the Hong Kong Securities and Futures Commission.
“We hope that the supervising department will make a decision on the contract in May. Once it gets approval, we will be ready to launch within one to two months,” Zhang said.
China is a net importer of...