Chinese companies will face billions of dollars in losses from complex hedging products if the renminbi continues to weaken, analysts and investors have warned.
Mainland companies and global investors have bought hundreds of billions of dollars worth of structured products that benefit from renminbi appreciation over the past year, and now face growing pressure after the Chinese currency fell to its lowest level since July.
The way banks hedge these products could also provoke an even sharper decline in the value of the renminbi if a certain level is breached, according to analysts at Morgan Stanley.
您已閱讀20%（605字），剩餘80%（2481字）包含更多重要資訊，訂閱以繼續探索完整內容，並享受更多專屬服務。