Hong Kong exchange will launch a gold futures contract that's actually gold
Hong Kong Bourse Revamps Gold Futures Targeting China's Wealth
By Eduard Gismatullin
Thursday, March 3, 2016
Hong Kong Exchanges and Clearing Ltd. plans to revamp its gold futures, targeting Chinese investors after ending the previous contract a year ago.
The new contracts will be for physical delivery denominated in yuan and U.S. dollars, said Romnesh Lamba, the co-head of market development at the bourse. The previous contract, which was started in 2008, was cash-settled and quoted only in U.S. dollars. It was suspended after gold pricing was transferred to an electronic auction on March 15 from a century-old procedure. ...
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