China moves to promote offshore renminbi trade


The Hong Kong Monetary Authority today (July 3) supported plans by the Chinese government to introduce new measures aimed at promoting the development of the offshore renminbi market in Hong Kong.

The HKMA listed a number of measures it said the Chinese government was supporting, including further issuance of renminbi sovereign bonds in Hong Kong, increases in renminbi investment quotas, an easing of restrictions on investment, an expansion of renminbi products and measures to promote the use of

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