HONG Kong Exchanges & Clearing Ltd, operator of the city's equities and futures markets, plans to introduce yuan futures in the third quarter of this year to help investors hedge their exposure to the currency.

The exchange will in June test the market's readiness for the contracts, which are subject to regulatory approval, it said in an e-mailed statement yesterday. The contracts will require the seller to deliver US dollars and the buyer to settle in yuan at maturity, according to the statement.

Source:shanghaidaily