HSBC China Pushes Its First RMB Against QDII

Following the launch of the new version of HSBC's excellent financial management, HSBC (China) Limited announced yesterday that the first batch of three overseas hedge funds with RMB denominated foreign funds (QDII) were specifically designated as "a href=" //www.sjfzxm.com/news/index_c.asp "> href=" /a ", a high-quality stock in Asia, Europe and the global market.

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< p > < < a href= > //www.sjfzxm.com/news/index_c.asp > > RMB > /a > increasing internationalization and two-way fluctuation of exchange rate are gradually becoming the trend of the macro environment. To provide RMB hedging overseas funds for the market can help investors with RMB as investment currency to reduce the impact of exchange rate fluctuations on investment returns.

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< p > the launch of a new RMB hedge fund QDII product is a new move to enhance wealth management capabilities after HSBC's visual integrated wealth management platform is launched. It aims to help customers better grasp the "personal economy" in the market of < a href= "//www.sjfzxm.com/news/index_c.asp" > risk > /a > changing from the Perspective of customers.

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< p > first, because the main currency held by mainland investors is RMB, investors' RMB funds can directly invest in overseas markets through HSBC's new RMB denominated QDII product, which enriches the choice of currencies when investing abroad.

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< p > in addition, as the two-way fluctuation of RMB exchange rate becomes increasingly obvious, the exchange rate uncertainty increases when RMB is exchanged for foreign currencies to invest in overseas markets. The new RMB hedging QDII product introduces a hedging mechanism. After adjusting the currency spreads and hedging costs through hedging of RMB and foreign currency, it can reduce the risk of exchange rate fluctuations in the overseas investment market in the whole investment period.

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< p > "London has always maintained its leading position in the global offshore RMB market.

In 2013, London's trading volume and foreign exchange volume continued to grow steadily.

Bao Mokai said that in addition, clearing the network of offshore RMB market in the center of RMB clearing behavior in London will enable RMB to operate directly outside the Asian time zone. With the help of London's time zone advantage, it will help RMB funds operate more efficiently and conveniently in the European region and even in the global scope.

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< p > April 1st, the people's Bank of China announced the signing of a memorandum of cooperation with the Bank of England on the establishment of RMB clearing arrangements in London.

The central bank said that the establishment of the RMB clearing arrangement in London will help the Chinese and British enterprises and financial institutions to use RMB for cross-border pactions and further promote trade, investment liberalization and facilitation.

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At present, London's share in the RMB offshore market is 15 billion yuan RMB P.

Although this is just a drop in the ocean compared to the deep capital market in the city of London, Mr Khan said, "China's financial reform is growing stronger, and thanks to these reforms, Britain has become the world's leading offshore renminbi centre outside Asia."

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< p > and the offshore RMB index of the Bank of China shows that at present, the United Kingdom is the largest cross-border RMB settlement country outside Asia, accounting for 3% of the cross-border RMB settlement in China. As the largest foreign exchange trading center in the world, London has accounted for 2/3 of the total market share in the world except for China and Hongkong.

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