HKEX’s USD/CNH Futures contract is the world’s first deliverable RMB currency futures product that is quoted and traded in RMB. After its launch in 2012, the FX product suite continued to expand, adding different currencies against CNH, namely EUR/CNH, JPY/CNH and AUD/CNH Futures in 2016, and further expanded to include INR/USD and INR/CNH Futures in 2019. Along with the cash-settled USD denominated CNH/USD futures and physically settled USD/CNH options, these products provide greater capital efficiency and flexibility for managing RMB exposure for offshore investors.

This page provides updates on performance and recent development of our products. To subscribe to our mailing list, or to enquire about the RMB currency products, please contact FICD@hkex.com.hk.

	Recent Product Performance Update Reports
		FIC Market Update - 2021 1H
		FIC Market Update - 2020 Nov
		FIC Market Update - 2020 Jul
		FIC Market Update - 2020 Mar
	Related Circulars
	Product Enhancements
		Launch of Four Additional Contract Months for Indian Rupee Currency Futures
		Product Enhancements to USD/CNH Options and Cash-Settled CNH/USD Futures Contracts
		Introduction of the Liquidity Provider Protection Function for the RMB Currency Options Contracts
	Incentives
		Cash Liquidity Provider Incentive Program for Currency Derivative Products in 2022
		Bundled Liquidity Providing Incentive Program for Currency Derivative Products in 2022
		Cash Incentive Program and Open Interest Promotion Program in 2022
		Incentive Programs for Currency Derivative Products in 2022
		Extension of Exchange trading fee waiver for Mini USD/CNH Futures Contract
		Introduction of Open Interest Promotion Program for trading US Dollar versus Renminbi (Hong Kong) (“USD/CNH”) Futures contract
		Revision of Cash Incentive Program for Indian Rupee versus US Dollar (“INR/USD”) Futures contract
		Introduction of Global Markets Participant Incentive Program for trading US Dollar versus Renminbi (Hong Kong) (“USD/CNH”) Futures contracts and Mini USD versus Renminbi (Hong Kong) (“Mini USD/CNH”) Futures contracts
		Incentive Programs of Mini USD/CNH Futures Contract
		Active Trader Program and Joint Promotional Program for Currency Futures and Options Contracts in 2021
		Cash Incentive Program for trading US Dollar versus Renminbi (Hong Kong) (“USD/CNH”) Futures contract and Indian Rupee versus US Dollar (“INR/USD”) Futures contract in 2021
		Bundled Liquidity Providing Incentive Program for Currency Derivatives Products in 2021
	Product Launches
		Launch of Mini USD/CNH Futures Contract on 26 April 2021
		Online Briefing Sessions on Mini USD/CNH Futures Contract
		Introduction of Mini USD/CNH Futures Contract
		Launch of Indian Rupee Currency Futures Contracts
	Other Publications
		Presentation Material on Mini USD/CNH Futures
		Presentation Material on RMB Currency Options
		Presentation Material on RMB Currency Futures Updates
		Block Trade Factsheet
	Derivatives Market Access Codes of Currency Futures and Options
	Frequently Asked Questions
	Find a Broker
	Find a Block Trade Market Maker, please contact +852 2211 6122 / +852 2840 3726