Norman Chan pitches Hong Kong yuan services in Dubai

Monetary Authority chief executive Norman Chan Tak-lam and top Standard Chartered executives yesterday met more than 150 businesspeople in Dubai to pitch Hong Kong's yuan services.

Although the yuan is not fully convertible, Beijing has since 2009 encouraged the use of the currency for trade settlements and investment services.

In the past two years, the HKMA has been holding similar roadshows in Britain, the United States and Australia to promote Hong Kong as the leading offshore yuan trading centre.

via Business feed http://www.scmp.com/business/banking-finance/article/1133902/norman-chan-pitches-hong-kong-yuan-services-dubai