Brazilian companies and investors will have another alternative to the US dollar when trading oil. That's why the Shanghai Stock Exchange will begin, as of the 18th, to offer future oil contracts in yuan - Chinese currency also known as Renmimbi (RMB).

"The Tokyo Stock Exchange has tried the same, that is, trading oil in Japanese currency, but the initiative has not prospered. The Chinese stock exchange knows that it will not be an easy task to generate liquidity and volume to trade oil in the future Shanghai market, China is the world's largest importer of the commodity, so it has adopted an unprecedented possibility that the buyer, who does not trust the RMB, can make another conversion through a future RMB contract for gold, "explains Hsia Hua Sheng, Professor of Applied Finance at FGV EAESP.

With the new system, "Brazilian oil companies may choose to sell their product in US dollars, as is usual in this world market, or in RMB, that is, the currency that is most profitable at the time of the transaction," he says.