Survey Result of CNH HIBOR
In August 2014, the Working Group on Renminbi-Market Development formed under the Market Development Committee and Market Practices Committee initiated a survey to understand the usage and relevant considerations in using CNH HIBOR. Assistance from the Hong Kong Monetary Authority (HKMA) and relevant industry associations was sought to circulate the survey to relevant stakeholders. Opportunity was also taken to seek market participants’ inputs in developing CNH HIBOR-related instruments. Respondents were particularly asked to give views on the potential market demand for CNH HIBOR futures and suggested parameters for CNH HIBOR futures. Around 200 responses were received. Assistance from the HKMA was obtained to aggregate the responses and the aggregate data was then analysed by the TMA Secretariat. Please click here to download the summary of survey result of CNH HIBOR futures. Please click here to download the original survey circulated.