SHANGHAI : Chinese listed firms are embracing hedging at a record pace, according to consultancy data, as market volatility rises and China grows its derivative market.
That brings the number of listed firms that announced hedging arrangements in the first half to more than 1,000, almost matching last year's total of 1,133, according to risk-management consultancy D-Union. He added that China's more stringent disclosure rules around hedging could also contribute to the record quarterly number.
The yuan broke the psychologically important 7-per-dollar level in May, then slumped more than 5 per cent against the greenback in the second quarter amid China's flagging post-COVID recovery.