Demand For RMB Futures Products Hedging Exchange Rate Risks Also Soared.

According to the Hong Kong stock exchange data, as of December 24th, the US dollar / Renminbi (Hongkong) futures traded 254 thousand and 600 contracts (nominal value of US $25 billion 500 million), breaking the record of 205 thousand contracts (nominal value 20 billion 500 million US dollars) in 2014.

The open positions also continued to grow, reaching 21 thousand contracts on that day (nominal value of US $2 billion 100 million), the highest level in 22 months.

At the same time, the number of participants on the market has also increased. Since 2015, the number of participants who traded on the futures contract has increased from 10 to 90.

In addition, 6 existing market makers continue to offer prices in the market.

"Hongkong is blessed with an international financial centre, which is contiguous to the mainland of China," he said. "Hongkong has become the most important RMB risk management center.

Ours

Since the launch of the currency futures contract in 2012, the average daily turnover has increased year by year.

As offshore renminbi funds remain tense in recent months, interbank lending rates continue to surge, and many banks in Hongkong have raised interest rates on Renminbi deposits.

BOC Hongkong announces 3 months and 6 months RMB

Up to 4 per cent, and the interest rate of RMB fixed group purchase has been raised four times in December 2015, from 3.6 points in December 3rd to 4.

The 1 yuan, 3 months and 6 months of the Yuan's public information show that 9 overseas exchanges have launched 16 offshore RMB exchange rate futures products, in addition to the Yuan's development against the US dollar, the euro, the yen and so on.

The variety also includes the currencies of emerging economies such as the Brazil dollar and the Russian ruble.

According to the Hongkong monetary authority's December 21st report, as of the end of October, the offshore RMB pool in Hongkong was about 960 billion yuan, the largest offshore RMB center in the world.

The deposit rate is 4 per cent, the new amount of the deposit amount is 20 thousand yuan, while the letter bank international's 3 and 6 months RMB deposits are also 4 yuan.

In addition, interest in offshore renminbi bonds has declined sharply due to the continued depreciation of the renminbi.

Considering that the cost difference between domestic and foreign issuers has been shrinking, most of the issuing agencies have turned to the domestic market.

According to Dealogic statistics, as of November 27, 2015, the total amount of offshore RMB bonds issued by Chinese enterprises and institutions totaled 5 billion 100 million US dollars, down 79% from the same period last year, the lowest level since 2010.