UBS and HSBC have started to facilitate commodity futures and options on five exchanges in China for qualified foreign institutional investors (QFIIs) on the back of relaxed rules.
In a first for the Chinese market, UBS Futures, the futures brokerage arm of UBS Securities in China, has executed domestic commodity futures for qualified foreign institutional investors (QFIIs) and RMB QFIIs (RQFIIs) on 11 October. QFIIs and RQIFFs are inbound investment programmes, which enables qualified foreign institutional investors to gain direct access to trade A-shares, bonds and securities investment denominated in onshore Chinese yuan (CNY). QFIIs remit foreign currencies while QFII