The exchange is reportedly expanding its range of yuan-related investment products.

The Hong Kong Exchanges and Clearing organisation is to launch yuan-denominated gold futures contracts, according to the South China Morning Post.

The news comes less than a year after the exchange discontinued trade in US dollar-denominated gold futures following underwhelming activity.

A spokesperson for the exchange told WealthBriefingAsia it is exploring the idea, but gave no further comment.

β€œWe have renminbi futures against the US dollar, which is very popular,” the exchange's chief executive, Charles Li Xiaojia, reportedly said at a regulatory forum. β€œWe will launch other yuan futures against other currencies such the yen, the euro, ringgit and others,” he added. 

β€œHong Kong is small but could take a big role in the offshore yuan market [...]This is just like the London US dollar market. We just need to have more yuan products here.”

Li said the products would boost Hong Kong’s role as an offshore yuan centre for international investors but gave no timeline for their launch, according to the news service. This publication has contacted the exchange for comment.