Difference - China Yuan and Offshore Yuan The Chinese yuan, also known as RMB, is the official currency of China. It is used both onshore in mainland China and offshore in international markets.
The offshore yuan, also known as the CNH (Chinese yuan - Hong Kong), is the version of the yuan that is traded outside of mainland China. It is traded in offshore financial centers, such as Hong Kong, Singapore, and London. The offshore yuan is not subject to the same restrictions and regulations as the onshore yuan.
The main difference between the onshore and offshore yuan is that the onshore yuan is subject to capital controls imposed by the Chinese government, while the offshore yuan is not subject to these same restrictions. This means that the offshore yuan is more freely tradable and can be used for a wider range of international transactions, such as international trade and investment, while the onshore yuan is more restricted in its use.
Offshore Yuan -
Standard-Size USD/Offshore RMB (CNH)
Outright:
0.0001 per USD increment = 10 CNH
MICRO USD/CNH FUTURES
0.0001 offshore Chinese renminbi per USD
CNH Option
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USD/CNH Monthly Options Contract Specs - CME Group
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Frequently Asked Questions: USD/CNH options - CME Group
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