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HKEX and Thomson Reuters launch Renminbi index series

First Published 23rd June 2016

Hong Kong Exchanges and Clearing and Thomson Reuters launch co-branded Renminbi index series.

Hong Kong Exchanges and Clearing and Thomson Reuters have launched a series of Renminbi (RMB) indices which measure the intraday performance of the RMB against Mainland China's relevant trading partners' currencies. The indices measure the performance of RMB against a basket of key currencies.

The primary index measures the performance of CNH against a basket of 14 key currencies.

Thomson Reuters-HKEX Renminbi Currency Index Series

The indices allow market participants to view intraday RMB movements according to a transparent, rules based methodology. The weight of each currency is determined by calculating the volume of trade between its issuer and Mainland China, as per publicly available data from UN Comtrade and the Hong Kong Census and Statistics Department. All indices are calculated hourly using WM/Reuters rates, a foreign exchange (FX) reference for indices and financial contracts worldwide.

Charles Li, Chief Executive of HKEX said: "As Chinese capital goes global over the next 30 years and more international equities and commodities are priced in RMB, our RMB indices will become a useful basis for products to help investors manage currency risk. We see great opportunities in fixed income and currency for Hong Kong and HKEX as RMB continues to become more international." Mr Li added.

For more details, please see the indices fact sheet on the HKEX website.