SHANGHAI, Sept. 5 (SMM) – China is preparing to introduce a crude oil futures contract denominated in Chinese yuan and convertible into gold.
This move will potentially create the most important Asian oil benchmark and allow oil exporters to bypass USD-denominated benchmarks by trading in yuan.
Onshore Yuan Hits Nearly 16-Month High
The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.
For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.
![[SMM โลหะมีค่า Macro] ท่าทีแข็งกร้าวของเฟดและอัตราผลตอบแทนที่เพิ่มขึ้นกดดันโลหะมีค่าท่ามกลางความตึงเครียดทางภูมิรัฐศาสตร์](https://imgqn.smm.cn/usercenter/ipCjz20251217171734.jpeg)
