Hong Kong exchange to offer silver futures trading in yuan

Hong Kong is moving quickly to compete with Shanghai's silver trading:
Gold exchange to launch trading in silver futures
The Chinese Gold & Silver Exchange Society is launching silver trading in three different currencies, predicting continued gains in precious metal prices and rising mainland demand.......

......Cheung said the exchange plans to launch silver futures in Hong Kong dollars, followed by US dollars and later by yuan. Investors could settle in cash or opt for physical delivery.
This follows the Hong Kong Mercantile Exchange's silver trading launch in 2011 and Shanghai's start last month: China's SHFE silver futures contracts expected to have impact on global market
With the Shanghai Futures Exchange gaining approval to begin trading silver futures, traders insist a significant shift appears to be in the making.

Wang Ruilei, an official with precious metals trader CGS Company told newswire agencies that the market would be bigger and more liquid with the advent of the futures contracts. Traders added the futures exchange would provide direct access to silver for Chinese investors.
And oil futures may be coming later this year: Crude Futures to Be Launched This Year
The Shanghai Futures Exchange aims to launch the nation's first crude futures by the end of the year, said Wang Lihua, chairwoman of the exchange.

The exchange will allow foreign investors to trade the contracts, as part of the nation's move to make its commodity futures market more accessible to foreign capital, Wang told a forum in Shanghai on Monday.

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