Fund Managers
Hong Kong sees rapid growth in RMB deposits, swaps
By
Cate Rocchi
|
4 October 2010
Keywords:
rmb
|
crosscurrency swaps
|
fx
|
tee choonhong
The level of RMB deposits in the city is rising at 15% a month, notes Standard Chartered, but while daily volume for non-trade FX of RMB is growing fast, the market is still small and inefficient, say traders.
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