Hong Kong may extend its collaboration on offshore yuan business to financial centres other than London, the head of the monetary authority said yesterday.
The city, the first and largest offshore yuan centre in the world, agreed to jointly develop offshore business in the currency with London in January last year.
Now it is mulling extending the collaboration on offshore yuan business to New York and Singapore, according to Norman Chan Tak-lam, the chief executive of the Hong Kong Monetary Authority.
via Business feed http://www.scmp.com/business/economy/article/1259431/hong-kong-may-widen-renminbi-business
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