China Opens More Options for Yuan

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SHANGHAI—China said it will allow yuan foreign-exchange options to be traded domestically starting in April, a long-awaited move to give companies more hedging ability—part of Beijing's broader push to build a more sophisticated currency regime.

Chinese authorities have rolled out a raft of changes in recent months to give businesses more tools to guard against a possible rise in the value of the yuan. The government also is expanding the use of the currency outside China for both trade and investment, steps toward its goal of eventually transforming the yuan—long traded only inside China—into a major global currency.

Ultimately, the ...

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