VIDEO: Likely appreciation path of RMB debated
Peter Redward of Barclays Capital and Dennis Tan of Deutsche Bank consider the pace of RMB appreciation and whether the Hong Kong dollar will be repegged to the renminbi.
The ‘RMB Rising’ conference co-hosted by AsianInvestor and FinanceAsia in Hong Kong at the end of last month raised some key issues about the likely impact of the currency’s liberalisation.
None was more hotly talked about than the possibility that the Hong Kong dollar could be repegged to the renminbi within the next one-to-two years. The issue was discussed in a widely reported panel discussion entitled Impact of RMB Liberalisation on FX Markets (see video clip, below).
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