打造人民币离岸产品中心:香港交易所的创新产品巡礼:hkexs product innovations

序言 为人民币国际化奠定坚实的产品和市场基础 Part 1 股票 01 中华交易服务中国120指数期货 跨境投资离岸对冲的好工具 02 沪港通与深港通下的互联互通 内地及全球投资者的“共同市场” 03 新股通 内地与香港市场互联互通及人民币国际化的突破性契机 04 中华交易服务港股通精选100指数 互联互通机制下港股通投资的重要指标 05 新经济产业的崛起 融资需求及香港的新角色 Part 2 定息及货币产品 06 汤森路透/香港交易所人民币货币指数 07 香港交易所五年期中国财政部国债期货 全球首只可供离岸投资者交易的人民币债券衍生产品 08 进军中国境内债券市场的国际视角 09 香港交易所美元兑人民币（香港）期权合约 人民币货币风险管理的工具 10 助推中国金融市场开放 债券通的制度创新及影响 Part 3 大宗商品 11 香港迈向亚洲黄金定价中心 12 香港发展铁矿石衍生产品市场的机遇 Part 4 人民币离岸产品中心 13 离岸人民币流动性供应机制的现状、影响及改善方向 14 香港交易所迈向成为 离岸人民币产品交易及风险管理中心 15 配合中国内地跨境衍生产品交易与日俱增的场外结算方案 风险与免责声明 后记 发挥交易所在人民币离岸市场发展中的独特作用 Contents Preface Laying a Solid Product and Market Foundation for Renminbi Internationalism Part Ⅰ Equity 01 CES China 120 Futures A useful offshore hedging tool for cross-border investment 02 Shanghai and Shenzhen Stock Connect A “mutual market” for Mainland and global investors 03 Primary Equity Connect A breakthrough opportunity for Mainland-Hong Kong mutual MARKET connectivity and RMB internationalisation 04 CES Stock Connect Hong Kong Select 100 Index A key measure of Hong Kong market investment under Stock Connect 05 The rise of China's new economy sector Financing needs and Hong Kong’s new role Part Ⅱ Fixed Income and Currency (FIC) 06 TR/HKEX RMB CURRENCY INDICES (RXY) 07 HKEX's Five-Year China Ministry of Finance Treasury Bond Futures The world's first RMB bond derivatives accessible to offshore investors 08 Tapping into China's domestic bond market in an international perspective 09 The HKEX USD/CNH Options Contract A RMB currency risk management tool 10 Supporting the Opening up of the Mainland Financial Market Innovations and Implications of Bond Connect Part Ⅲ Commodities 11 Hong Kong is Building Up itself to be an Asian Gold Pricing Centre 12 The Opportunities for Hong Kong to Develop an Iron Ore Derivatives Market Part Ⅳ Offshore RMB Products Centre 13 The Liquidity Provision Mechanism for Offshore RMB Market Current status, impact and possible improvements 14 HKEX Towards an Offshore RMB Product Trading and Risk Management Centre 15. OTC Clearing Solution for Mainland China's Increasing Cross-border Derivatives Trading Risk Statements and Disclaimer Afterword Playing the Exchange's Unique Role in the Development of the Renminbi Offshore Market