Chinese renminbi (RMB)
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…
Renminbi set to replace US dollar for trade in Asia Pacific
Hong Kong moves to position itself as clearing hub for renminbi-based transactions