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港交所(00388.HK)旗下QME探讨推「商品通」
阿思达克 04-16 08:35
港交所(00388.HK)发表题为「前海联合交易中心在中国内地大宗商品市场扮演的独特角色」研究报告,当中提及旗下前海联合交易中心(QME)计划在政策支持的前提下探讨「商品通」,并有意参考「股票通」及「债券通」的实施模式,采用双向交易设计。

报告指,相信「商品通」能探索出服务实体经济的新模式,有助推动人民币国际化和制造业强国建设的国家战略,包含「请进来」及「走出去」两种方案。「请进来」是指港交所及伦敦金属交易所(LME)的境外客户,可藉境外现有的交易途径,参与QME境内产品的交易。至於「走出去」则是QME的境内客户可藉互联互通方式,在有限定额度的情况下,对港交所及LME的指定产品进行交易,以满足内地投资者跨境对冲的需求。

资金结算方面,「商品通」计划以「闭环限额」原则管理跨境资金,将参考「股票通」的方式,以交易所作为跨境资金的清算主体,同时「商品通」计划设立每日额度限制,包括境外投资者每日资金入境净头寸及境内投资者每日资金出境净头寸。

报告并指,QME冀能藉服务实体经济及产业客户,重新建构国内商品的市场格局,从而创立出大宗商品的「中国价格」。届时港交所与LME将可推出以QME现货价格为基准的衍生产品,令境外投资者可在香港及伦敦参与内地大宗商品的投资。

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