Hedging Chinese renminbi revaluation

Problem: China is likely to revalue its currency in the near future, and this will have broad implications for Asia as a region. As such, an investor needs a simple product that can be used to express a view on the appreciation of the renminbi and the region as a whole.

Solution: There have been numerous requests from clients similar to the above, and many investors are looking to position themselves for an appreciation of the renminbi. However, this can be costly, especially since the market has