HKEx Plans Indexes Tracking Yuan Against Currency Baskets
- Move could provide benchmark to investors: Scotiabank
- Exchange looking to offer U.S. dollar-yuan swaps clearing
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The operator of Hong Kong’s stock exchange is preparing to publish a gauge tracking the yuan’s moves against currency baskets, as well as index futures and options in the Chinese currency.
The measure, to be offered jointly with Thomson Reuters Corp., is subject to regulatory approval, Hong Kong Exchanges and Clearing Ltd. Chief Executive Officer Charles Li said at a conference in the city on Tuesday. He added in a blog post that this will be the first tradable yuan index.