How Hong Kong’s yuan push is becoming a challenge to the US dollar
In September, Chief Executive John Lee Ka-chiu unveiled the city’s first five-year plan along with his policy address, highlighting Hong Kong’s strategic role in promoting the greater use of the yuan outside mainland China as a key priority. In the first of a four-part series on the internationalisation of the yuan, Lam Ka-sing and Denise Tsang examine Hong Kong’s efforts as an international financial centre to reform its market infrastructure, including building a larger offshore renminbi...
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