The Renminbi is fast becoming a very liquid and tradeable currency with onshore and offshore volumes in aggregate totalling over USD120bn per day across a range of products. The RMB market, both onshore and offshore, will increase significantly in breadth and depth and the variety of risk management solutions available to customers to hedge exposures will continue to grow.
ANZ has a significant presence in both the onshore and offshore RMB markets with a strong team of dedicated staff based onshore in Shanghai and Beijing, providing local markets insight while being supported by a team of specialist sales, trading and product experts across Asia. ANZ is a member of the Shanghai Futures Exchange, the Shanghai Gold Exchange (including the international board), China Foreign Exchange Trading System (CFETS) and is an active participant in the China interbank bond market.
Multi-currency requirements and cash flow timing differences and borrowings may give rise to risk management needs. ANZ has a broad range of markets products, both onshore (CNY) and offshore (CNH) to help manage immediate spot, short-term or longer term risk management requirements including:
- RMB FX spot
- RMB FX forward
- RMB FX swaps
- RMB derivatives (for example, options and structured products)
- RMB cross currency swaps
- RMB bonds
- RMB spot gold
- RMB gold options
- RMB gold forwards