On February 23, the Hong Kong Stock Exchange announced that all its currency futures and options will be included in the joint venture product list of derivative product holiday transactions from March 29, 2024.
It is reported that the currency products that will be included in the holiday transactions of derivatives include: US dollar against RMB (Hong Kong) futures, small dollar against RMB (Hong Kong) futures, US dollar against RMB (Hong Kong) options,The euro against RMB (Hong Kong) futures (Hong Kong), the Australian dollar against RMB (Hong Kong) futures, the yen against RMB (Hong Kong) futures, the Indian rupee against RMB (Hong Kong) futures, the Indian rupee -US dollar futures, and the US dollar futures.
Su Yingying, the head of emerging business, fixed interest rate and currency business of the Hong Kong Exchange Group, said: "I am glad to announce the expansion arrangement of derivative products for holiday transactions.Monetary futures and options products so that investors can still conduct foreign exchange risk management during public holidays in Hong Kong. "
" We launched derivative product holiday transactions in 2022 have greatly improved its derivative productsThe attractiveness and vitality of the market ecosystem. The Hong Kong Stock Exchange will continue to enrich the types of products and enhance the market infrastructure, and further consolidate Hong Kongs position as the worlds leading offshore RMB center and risk management center. "Su Yingying said.
The Hong Kong Exchange launched a derivative product holiday transaction in May 2022, so that international investors can continue to buy and sell non -Hong Kong dollars products on the Hong Kong Exchange during the Hong Kong Exchange and conduct relevant risks.manage.All 39 MSCI Index futures and option contracts currently in the Hong Kong Exchange can conduct holiday transactions.
Data show that the average daily transaction volume of RMB futures of the Hong Kong Stock Exchange in 2023 is nearly 40,000 contracts, an increase of doubled from 2022.The booming trading of RMB futures continued until 2024, and in January, it reached a average daily transaction volume, reaching 77,417 contracts.
