Lack of liquidity could hinder offshore RMB centres
Major financial centres will struggle to establish themselves as offshore centres for renminbi trading if they can't attract sufficient liquidity, according to Albert Keidel, non-resident senior fellow at the Atlantic Council in Washington, DC, and formerly manager of the China desk and Asia office at the US Department of the Treasury.
Speaking at The Future of RMB in Global Trade and Finance conference in London on June 14, Keidel said Hong Kong has witnessed a dramatic growth in liquidity in
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