Yue: China’s growth issues won’t impact yuan internationalisation
HKMA chief also says rising long-term bond yields have not affected Hong Kong
China’s growth situation will not impact efforts to increase international use of the yuan, Hong Kong Monetary Authority (HKMA) chief executive Eddie Yue has said.
Hong Kong is the world’s largest offshore renminbi hub, and the territory processes more than 70% of the global share of all payments in the currency, Yue said at an Institute of International Finance (IIF) event in Bangkok today (October 14). “If the world is adopting broader use of renminbi, Hong Kong is the place that provides the
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