The Taiwan Stock Exchange is preparing to introduce renminbi-denominated ETFs and stocks, indicating that Beijing will grant an RQFII quota to the island soon.
Tag : cny
A proposal by the HKMA that urges asset managers in Hong Kong to move back-office functions to Qianhai is over ambitious and won't work without incentives, say industry figures.
The decoupling of offshore RMB (CNH) from its onshore counterpart (CNY) as Beijing keeps its capital account closed is creating conditions for CNH to become a currency in its own right.
