HSBC reckons the numerous small-to-medium-size enterprises that have an increasing exposure to the renminbi as cross-border business expands will be interested in the product. The bank says that an increasing number of individual customers - many of whom require renminbi holdings for personal purchases with large transaction amounts - will want the product as well.
RMB NDFs have been traded in Singapore for several years -- but they were only available to the bank's larger customers. Now the little guy can...
