Cross-border yuan settlement could get a boost through the recently launched RCEP trade deal. Photo: AP
Cross-border yuan settlement could get a boost through the recently launched RCEP trade deal. Photo: AP
Yuan

China’s global yuan goals aided by RCEP trade deal, Hong Kong’s role as ‘super connector’, top banker says

  • Asia-Pacific trade deal will expand international use of yuan by lowering financial market barriers, says Li Haiying, managing director of renminbi business at Bank of China (Hong Kong)
  • Under the trade deal and the Belt and Road Initiative, Hong Kong can play connecting role for yuan-related financial activities, says Li

Cross-border yuan settlement could get a boost through the recently launched RCEP trade deal. Photo: AP
Cross-border yuan settlement could get a boost through the recently launched RCEP trade deal. Photo: AP
READ FULL ARTICLE