We examine the price discovery performance of China’s crude oil futures traded on the Shanghai International Energy Exchange (INE) for the spot prices of 19 types of deliverable and non-deliverable Asian crude oil. We find evidence for the INE crude oil futures price discovery function even at...

We examine the high-frequency intraday return and volatility transmission between crude oil futures prices and exchange rates around the COVID-19 shock for both the newly established Renminbi-denominated INE in China and the dollar-denominated Brent in the UK. With controlling for the influence...