China focus: The future of renminbi trade

Opinions vary on how much of an impact a lack of investment opportunities will have on trade settlement.
Ben Chan, HSBC
Ben Chan, HSBC

Hong Kong’s renminbi trade-settlement scheme might be growing quickly, but it faces an uncomfortable truth: deposits in Hong Kong renminbi, or CNH in bankers’ jargon, heavily outweigh the city’s available pool of renminbi assets by more than four to one. That leaves many would-be opportunists with a tough question: what to do with their renminbi?

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