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Healthcare Jun 09, 2022 04:59 PM (GMT+8) · EqualOcean
Standard Chartered Bank (China) Co., Ltd. (Standard Chartered China) announced on the 9th that it had completed several transactions of RMB Asian options and portfolio products with two Chinese enterprises. As a result, Standard Chartered China became the first foreign bank in mainland China to implement the RMB Asian option foreign exchange management scheme. Yang Jing, vice president of Standard Chartered China and general manager of the financial market department, said that from the perspective of product characteristics, Asian options have played a good role in smoothing the fluctuations in the maturity profits and losses of foreign exchange hedging contracts, reducing the possible extreme profits or losses of contracts on the maturity date, and better serving the needs of enterprises for foreign exchange neutral hedging.

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