Progress of RMB internationalisation ‘spectacular’, says SFC official
China's progress in internationalising its currency over the past three years has been "quite spectacular", but there is still some way to go before renminbi becomes a fully fledged global reserve currency – a key development in the internationalisation of any currency – according to a senior Hong Kong regulator.
Speaking at the FX Week Asia conference in Singapore last week, Alexa Lam, deputy chief executive of Hong Kong's Securities and Futures Commission, gave an overview of the major
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