2014-05-06
How To Spur The Growth Of Hong Kong's Offshore RMB Market?
The author is ANZ greater China chief economist Liu Li-Gang Hong Kong is the most active offshore RMB market in the world. At the end of March, the RMB deposits grew to RMB945 billion from merely RMB104 billion in July 2010. RMB deposits now represent 12.6% of banks’ deposits in Hong Kong. Trade-related cross-border remittance […]
Visit ChinaMoneyNetwork.com for more great China Money Podcast audio and video Internet episodes covering important investment news and financial events in China, as well as daily news updates on important China business news happenings. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.