Hong Kong is set to launch futures contracts based on renminbi treasury bonds on Aug 3, enriching offshore hedging tools for managing exposure to RMB assets and marking a milestone in the city's efforts to support yuan internationalization.

Top financial regulator declares support for move promoting yuan internationalisation and the city’s role as a yuan hub.

Hong Kong is set to launch futures contracts based on renminbi treasury bonds on Aug 3, enriching offshore hedging tools for managing exposure to RMB assets and marking a…