Source: CNTV    Published: 2015-10-5

The development of the Yuan denominated futures markets has gotten a new push from the One Belt and One Road initiative.  

According to SWIFT, the network provider for the transmission of major international interbank messages, the yuan is now the world`s fifth largest trade settlement currency and the second largest trade financing currency.

A number of Belt and Road countries including Russia and Singapore, have initiated RMB futures contracts by this year.

Analysts say the launch of the yuan denominated forex futures contracts will help trade companies hedge risks and facilitate inter-regional trade among the Belt and Road countries. The launch of the yuan futures will also ease the concerns of currency futures investors regarding currency convertability while adding the potential for investment opportunities.