Li Xiaojia: The RMB Night Date Is Coming Tonight, Hoping That Retail Investors Can Play The Same Game.

< p > the Hong Kong Stock Exchange Futures night market has been implemented for 1 years. The Hong Kong Stock Exchange has introduced RMB futures since today's closing date. The paction time is from 5 p.m. to 11 p.m., together with daytime trading, RMB futures trading time reaches 12 hours, and the upper limit of night time rises 3%.

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Li Xiaojia, chief executive officer, said that the futures night market has been implemented for 1 years, and is very satisfied with it. It is not easy to make a new attempt. It is seen that night trading is becoming more and more active and the highest has accounted for nearly 12% of daytime trading.

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< p > RMB futures can be traded in the futures market during the night market. < a href= "//www.sjfzxm.com/news/index_c.asp" > Li Xiao Jia < /a > hope that more than the institutions, retail investors are also slowly using futures products to hedge the risk of RMB investment.

He said that the past market had invested in related assets because of its longing for RMB appreciation, but hoped that the market would understand that the renminbi was no longer fluctuating unilaterally.

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< p > Li Xiaojia said that after the development of Asian commodities, the next stage or the entry of commodities into the night period, the whole night period or extended to 12 a.m., does not mean that the stock trading period should be extended.

Market materials RMB < a href= "//www.sjfzxm.com/news/index_c.asp" > internationalization "/a" will help the relevant futures to become more popular.

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< p > Yu Taishuo, director of customer service development and fixed rate products and monetary development of HKEx global market division, accepted the interview with "Xinbao", saying: < /p >

RMB P has been developing smoothly since its launch in September 2012. Therefore, it has decided to join the futures night market period and add a new contract month, and plans to launch RMB denominated Renminbi options to consolidate the market leadership position of HKEx RMB products, but there is no timetable for launching.

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The average daily turnover of < p > a href= "//www.sjfzxm.com/news/index_c.asp" > RMB < /a > futures came from 19 initial and 290 open positions 3673 months ago, up to 568 and 18701 respectively in 2013.

The average daily turnover in March this year has reached 1499, an increase of 2.6% over the previous month.

The average daily turnover in the first quarter of this year increased by more than 5 times that of 2012, and the growth of the open positions during the period exceeded 6 times.

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In the past two months, the RMB exchange rate volatility has expanded, and the volume of RMB futures has recorded a new high of 6318 in March 19th. In February 14th, there was a 23887 new high in the non liquidated contract, with a total contract value of US $2 billion 400 million (about HK $18 billion 720 million) in February 14th.

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< p > global, including Hongkong, Singapore, Taiwan, London, Paris and Frankfurt, have become offshore renminbi centers, reflecting the increasing use of RMB in the world.

The Chicago Mercantile Exchange (CME) joined the war group in February last year to launch similar products, with a scale of $10 thousand per contract.

Unlike the Hong Kong stock exchange, the products of Chicago are priced in US dollars and have a small futures of 1000 US dollars each. The contract period is 3 years, and the paction time is 23 hours per day. The product has been launched for 14 months, and the total amount of the contract paction is over 1 billion 360 million US dollars (about HK $10 billion 608 million).

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