HSBC move makes Chinese Yuan “more tradable”

March 30, 2011


 HSBC move makes Chinese Yuan “more tradable”: Hongkong and Shanghai Banking Corp has launched an offshore currency index for the Chinese renminbi yuan which, while only a microfraction of current global foreign exchange trade volume, certainly makes the yuan “more tradeable.” It also is a step that strengthens confidence in the yuan as an international trading medium.


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