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The role of RMB futures
After 1. RMB futures are officially launched, both offshore and domestic RMB exchange rates will be reflected in the trend of RMB futures, and the process of RMB internationalization will take another important step.

2. This product can also make overseas investors more willing to hold RMB assets.

3. RMB futures are beneficial to Hong Kong's position as an international RMB settlement center.

4. The introduction of RMB futures means that the market will usher in a sharp weapon to hedge against exchange rate fluctuations. For foreign trade enterprises, RMB futures are of great significance. Due to the lack of exchange rate risk hedging tools, enterprises often face the risk of large exchange rate fluctuations in international trade. After the introduction of RMB futures, it will help foreign trade enterprises to lock in the exchange cost of RMB and international currency USD in advance, and greatly improve the anti-risk ability of foreign trade enterprises.

5. The price discovery function of RMB currency futures trading will guide the domestic forward RMB exchange rate, and market forces will play a greater role in the formation of RMB exchange rate.

6. After the launch of offshore RMB futures, it will replace non-deliverable RMB forward contracts and become the most authoritative tool for offshore RMB pricing. As Hong Kong is an important financial market center in the world and a bridgehead for RMB internationalization, the introduction of RMB futures in Hong Kong can obviously affect the trend of RMB exchange rate in the mainland through the price of RMB futures market, which means that the trend of RMB exchange rate in the future market can be predicted from the price of futures market.