HKMEx: China’s currency liberalisation to drive liquidity in energy and commodities
China's growth as a consumer in the energy and commodities global market could eventually sway price movements, says Hong Kong Mercantile Exchange’s Cheung
Energy and commodities markets are set to see a surge of liquidity and new products available for investment and hedging, after the Chinese government took several steps to change its policy surrounding the renminbi (RMB), says Barry Cheung, chairman at the Hong Kong Mercantile Exchange.
"China has a national policy governed towards gradually liberalising the renminbi," says Cheung, speaking in an exclusive interview with Energy Risk in Hong Kong. "Already, following the Chinese government's
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