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HKMA unit aims to boost Hong Kong’s international Rmb hub status

  • bytady
  • February 26, 2025
  • 1 minute read
HKMA unit aims to boost Hong Kong’s international Rmb hub status
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A newly operational unit of the Hong Kong Monetary Authority (HKMA) is set to boost Hong Kong as an offshore renminbi (Rmb) hub, as the internationalisation of the Chinese currency is challenged by Sino-US tensions and US president Donald Trump’s determination to maintain the supremacy of the US dollar as the global reserve currency.



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