Hong Kong and the United Kingdom should not compete for offshore renminbi trade, as there is "plenty of room to grow the pie together" according to Eddie Yue, a deputy chief executive at the Hong Kong Monetary Authority (HKMA).
Yue said the two countries could play "complementary roles" in the growth of the renminbi as a global reserve currency and "benefit from the process together".
Yue acknowledged the "rapid rise" of the Chinese renminbi in global payments in a speech at a London conference
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