Thomson Reuters, HKEx Ally on RMB Indexes

Officials say the indexes will help investors make better decisions when trading the Chinese currency.

stephan-flagel

The indexes are calculated hourly using the WM/Reuters rates, with the weight of each currency determined by calculating the volume of trade between its issuer and mainland China, based on public data from UN Comtrade, the United Nations' database of international trade statistics.

"In view of China's internationalization and RMB's increasing presence as a global trading currency, it is a great opportunity for us to partner with HKEx to provide a series of indices that will use global standards

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