HSBC Holdings has unveiled the first-ever FX index linked to China’s currency, The Wall Street Journal reports. The new Offshore RMB linked index will provide investors with exposure across the group of 10 leading industrial nations and particularly emerging-market currencies.

The yuan-linked index is part of the bank’s launch of it’s first-ever FX indexes, the HSBC Single Currency Index Series and the HSBC Static Market Access Return Tracker FX Series. The Single Currency Index consists of up to 42 currencies plus gold, while the Asia Weighted Index will be used as a benchmark for investing in and monitoring Asia’s currency markets in aggregate, for U.K. and U.S. based asset manager, Signet Group.

Click here for the story from The Wall Street Journal.