The first futures launched by HKEx is USD /CNH.

CNH [CNY (Hong Kong)] is the code name of RMB traded in Hong Kong.

The RMB futures of the Hong Kong Stock Exchange will be the first deliverable RMB futures in the world.

Why do you need RMB currency futures?

HKEx RMB futures can be used as a hedging tool for RMB exchange rate risk.

RMB exchange rate risk may be faced in the following situations:

When investors convert RMB into US dollars to buy US dollar assets (such as foreign commodity futures, foreign currency bonds and foreign houses)

Real estate and so on. )

For trade with overseas merchants, accounts receivable or accounts payable are US dollars.

Invest in the Hong Kong stock market and convert RMB into Hong Kong dollars.

Children studying abroad are expected to need US dollars/other foreign currencies for tuition and living expenses.

RMB exchange rate fluctuations affect your budget.