Edition: English Asia Pacific Africa Europe | Español Français العربية Pусский | 中文简体 中文繁体
Homepage > Biz Video

China to launch new currency swaps


12-26-2014 16:52 BJT

China plans to launch new derivatives next week. Policymakers here are set to launch swaps and forwards between the RMB and the Russian Rouble, Malaysian Ringgit and New Zealand Dollar. 

The China Foreign Exchange Trade System, a unit of China’s central bank, says trading will begin this coming Monday. The contracts will have a minimum trading size equivalent to 10,000 US dollars. Analysts say the move offers Chinese mainland companies an additional hedging tool, as emerging market currencies have recently been volatile.

Follow us on

  • Please scan the QR Code to follow us on Instagram

  • Please scan the QR Code to follow us on Wechat

We Recommend

  • World Heritage China Part 29
  • Glamorous Indonesia Part 2
  • Along the Coast Part 41
  • Glamorous Indonesia Part 1
  • Dreams and the business reality
  • Philippines' beauty pageant obsession
  • China's love for basketball
  • Box office online
  • Jixi: Land of luminaries II