HKEx's CEO believes the growing internationalisation of the renminbi will continue to spark volatility in the Chinese currency
growing internationalisation of the renminbi will continue to
spark volatility in the Chinese currency, according to Charles
Li, chief executive of Hong Kong Exchanges and Clearing (HKEx),
writes Jonathan Watkins.
renminbi has fallen by 1.4% against the US dollar in the past
few weeks, a surprising turn for a currency known for its
consistent appreciation in recent years.
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