Ms. Tara Hayes reports

ABAXX TO LAUNCH CNH-DENOMINATED SINGAPORE GOLD FUTURES ON NOVEMBER 16 ABAXX TO LAUNCH CNH-DENOMINATED SINGAPORE GOLD FUTURES ON NOVEMBER 16

Abaxx Technologies Inc.'s Abaxx Exchange will launch Gold Singapore CNH cash-settled (GKC) futures on Nov. 16, 2026.

GKC futures will extend the reach of Abaxx's Singapore kilobar gold prices into offshore Chinese renminbi (CNH) markets. The contract will connect CNH-denominated trading and hedging to prices established by Gold Singapore (GKS) futures, supporting their use across Asia's bullion markets.

As Singapore and Hong Kong develop their roles as international bullion centres, regional price relationships are increasingly relevant to firms managing physical inventory and procurement. GKC adds a CNH-denominated instrument for managing Singapore gold exposure and supporting cross-market strategies involving price differences between these centers.

The launch complements Abaxx's previously announced LNG North Pacific Asia CNH Cash-Settled (NPC) futures, also scheduled to begin trading on Nov. 16, 2026. The two contracts connect offshore renminbi-denominated trading with Abaxx's physical gold and LNG markets, giving global participants additional ways to hedge exposure and trade regional price differences as China's commodity markets become more globally connected.

The CNH-denominated contracts will include:

Gold Singapore CNH cash-settled (GKC) futures: A CNH-denominated, kilobar contract for gold of 0.9999 fineness, financially settled against the price of Abaxx's Gold Singapore futures contract, with the final settlement price converted to CNH using the Bloomberg FX Fixing (BFIX) mid-rate for USD/CNH for the 14:00 Singapore time fixing on the last trading day, rounded to the nearest CNH 0.01.

LNG North Pacific Asia CNH-Cash Settled (NPC) futures: A CNH-denominated, 10,000 MMBtu (million British thermal units) contract, financially settled against the price of Abaxx's LNG DAP North Pacific Asia (NPA) futures contract, with the final settlement price also converted to CNH using the Bloomberg FX Fixing (BFIX) mid rate for USD/CNH at the 14:00 Singapore time fixing on the last trading day, rounded to the nearest CNH 0.01.

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