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