离岸人民币期货发展特点与展望

Development Characteristics and Prospects of CNH Futures

离岸人民币期货领域随着我国推进人民币国际化而萌芽,并在我国全面推进经济改革与对外开放的催化下蓬勃发展。近年来,离岸人民币期货的交易规模总体呈较快增长趋势,市场参与者种类日趋广泛。跟场外工具相比,离岸人民币期货及相关场内外汇衍生品报价相对透明、交易流程相对简单、交易对手风险相对较低,将在服务机构汇率风险管理与实体经济发展方面发挥重要作用。

The CNH futures have been introduced with the development of the RMB internationalization, and have developed rapidly under the comprehensive promotion of economic reform and opening up in China. In recent years, the trading volume of CNH futures has increased rapidly, and the market participants have become increasingly diversified. Compared with the OTC-traded products, the CNH futures and related exchange-traded FX derivatives have relatively transparent prices, simple trading processes and low counterparty risks which ensures the important role of CNH futures in helping market institutions manage exchange rate risks and serving the development of the real economy.