Hong Kong to up ante on CNY services
NEWS
"On the basis of the SAR Government’s proposal, the central authorities have given in-principle approval to extend the scope of yuan business in Hong Kong," said Tsang.
The expanded services will include raising the exchange limit between yuan and Hong Kong dollar per transaction; lifting the credit limit of yuan cards issued by banks in Hong Kong and relaxing the yuan remittance limit imposed on Hong Kong residents, said Tsang.
The chief executive’s latest comments came as little surprise to
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