Hong Kong Exchange to Launch Yuan-settled Gold, Copper Futures

By Ruby Lian and Fayen Wong – Reuters

The Hong Kong Mercantile Exchange plans to launch yuan-settled gold and copper futures by July, its president said on Friday, as it looks to tap growing interest in commodities from Chinese investors.

Albert Helmig also told reporters in Shanghai that the bourse would offer yuan-denominated contracts for other industrial metals in the next 12 months.

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