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Renminbi settlement has become the preferred mode of settlement for mainland Chinese imports, with most of the imports settled this way coming from Hong Kong. As a result, renminbi deposits in Hong Kong have increased sharply, as has the issuance of dim sum bonds. It will be interesting to see...
Persistent link: https://www.econbiz.de/10014177678
In April 2014, Chinese Premier Li Keqiang announced Shanghai-Hong Kong Stock Connect as part of China's efforts to open-up its capital markets. The arrangement linking stock exchanges makes reciprocal trading in RMB listed (cash) stocks possible from both mainland China and Hong Kong. The...
Persistent link: https://www.econbiz.de/10013029987