Hong Kong’s future intertwined with renminbi: Yam
The key for Hong Kong's future as a financial sector surely depends upon the developing the territory as the offshore renminbi market, said Joseph Yam, the chief executive of the Hong Kong Monetary Authority.
In his final speech as chief executive, Yam said: "There should be no doubt that the renminbi will become an international currency one day. For Hong Kong to be unprepared for this, for us to fail to see the opportunities or build the infrastructure to make the best of it, would be to risk
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