Happy Lantern Festival! HKEX held a business update seminar with exchange participants last Friday afternoon, following it’s unveiling of the latest three-year Strategic Plan last month.
More than 200 industry professionals from over 80 futures brokers attended this seminar. Li Gang, HKEX Co-Head of Market Development said in a welcome address that HKEX will have more communication with the industry going forward, and introduce more products to meet market demands.
Julien Martin, HKEX Head of Fixed Income and Currency Product Development said that a growing number of market players, such as Mainland brokers, QDII funds, Mainland SMEs and professional retail users, are using HKEX’s RMB futures to manage RMB exchange risk exposure during periods of volatility.
Subject to regulatory approval, HKEX will roll out a series of currency-pair products to hedge RMB-related risks this year, including EUR/CNH, JPY/CNH, CNH/USD and Asia-Pacific currencies. The exchange is also exploring other product concepts including RMB currency options and bond futures, he said.
Steven Chou, HKEX Vice President for Equities Product Development for Market Development, updated on equities and derivatives business, including a detailed introduction to the 34 new stock futures contracts launched in November last year.
Steven Ren, HKEX Vice President for China Client and Marketing Services for Market Development gave an update on the development of commodities business.
Industry participants exchanged ideas with HKEX at a reception after the seminar.
