Hong Kong Monetary Authority (HKMA)

Renminbi realignment

The Hong Kong Monetary Authority is staking its claim to become the de facto offshore settlement centre for renminbi amid expectations the Chinese currency will one day usurp the greenback as the dominant medium of exchange in the region. But there are…

Regulators and accumulators

Asian economies have suffered less from the global financial downturn than they did during the regional crisis of 1997. Risk levels are now lower, while the money that has been accumulated after more than 10 years of extraordinary wealth creation is back

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