Lack of long-dated instruments hampering offshore RMB market
A strong demand for long-dated offshore RMB instruments is not being met by the market, according to one Hong Kong corporate
A shortage of long-dated instruments is hampering the development of the offshore renminbi (RMB) market, despite strong buy-side appetite for such products, according to the head of Hong Kong-based conglomerate Jardine Matheson.
Speaking at the Asian Financial Forum in Hong Kong on January 17, Anthony Nightingale, chairman and managing director of Jardine Matheson, said there was an increasing need for corporates to hedge their forex risks with offshore RMB-denominated derivatives as the
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