Source: China – South China Morning PostHong Kong can be a crucial partner in the continued and orderly opening of mainland China’s capital markets, particularly in advancing the internationalisation of its currency, according to HSBC’s co-CEO.
As a financial hub connecting East and West, Hong Kong “can play a key role in promoting the yuan’s internationalisation by expanding its offshore liquidity while maintaining strong safeguards and effective risk management,” said David Liao, the lender’s co-CEO for Asia and the Middle East, at…Read More