The London Metal Exchange is planning to introduce yuan-denominated metal products, according its chief executive, a sign the currency’s status in international finance is on the rise.
“At present, investors are trading our products in US dollars. We would definitely like to explore the possibility of launching products denominated in offshore renminbi,” Matthew Chamberlain said in an interview in Hong Kong.
Von dieser Londoner Nachricht wird der große Bruder (USA) aber gar nicht begeistert sein.
Chamberlain could not say when the new products will be launched but he is confident yuan-denominated products would be popular because the currency has become more widely use in global finance.
Man darf gespannt sein, ob die London Metal Exchange die in Yuan ausgeführten Futures - als "Zeichen des wachsenden Gütesiegels" der chinesischen Währung - dann tatsächlich einführen werden.