LME Launch Yuan Futures


Originally published at: https://steemthat.com/lme-launch-yuan-futures/

Source: zerohedge.com The London Metal Exchange confirms that it is planning to launch a yuan denominated metal future. LME CEO said in an interview with SCMP “At present, investors are trading our products in US dollars. We would definitely like to explore the possibilities of launching products denominated in offshore renminbi”. The LME is owned by Hong Kong Exchanges and Clearing (HKEX). Traders on the HKEX are already allowed to use Chinese currency as collateral…