CNH refers to the Chinese Yuan in the offshore market, which is outside of Mainland China (the onshore market). China’s capital markets, including the FX market, are controlled and not fully opened yet. This leads to different features of the Chinese currency in the onshore and offshore markets, and thus two tickers are assigned to distinguish them. In the onshore Mainland China market, the Chinese Yuan is called CNY. On the other hand, the offshore market includes traditional Yuan centers, such as Hong Kong (a special administrative region of China), Singapore, London and newly-developed centers such as Luxembourg. (full story)