Further liberalisation of yuan trade by Hong Kong and China
Details of the increased level of activity with the renminbi follow Hong Kong chief executive Donald Tsang’s announcement that it has received approval from the Chinese government to expand renminbi services (FX Week, October 17).
The Hong Kong Monetary Authority (HKMA) released details of the increased renminbi trading activity that individuals and businesses were able to participate in from last Tuesday (November 1).
The types of business allowed to open renminbi accounts and change deposits
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