Chinese 100 yuan banknotes and US$100 notes are seen at a money exchange shop in Causeway Bay, Hong Kong, on August 5. The city is the largest offshore yuan centre worldwide. Photo: Roy Issa
Chen Gong
Opinion

Opinion

Chen Gong

Hong Kong’s status as a finance hub makes it a US target, which may force China to change tactics for internationalising the yuan

  • Hong Kong’s importance to the yuan and Congress’ new bill show that the trade war has turned into a financial conflict. China’s goal to internationalise the yuan may require greater diversification in the face of such scrutiny

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Chinese 100 yuan banknotes and US$100 notes are seen at a money exchange shop in Causeway Bay, Hong Kong, on August 5. The city is the largest offshore yuan centre worldwide. Photo: Roy Issa
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