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Institutions 'too wedded to RMB appreciation'

Elva Muk
Two in three Chinese firms and a third of non-Chinese are motivated by renminbi appreciation and onshore/offshore arbitrage. They need to be more forward-looking, says State Street.
Institutions 'too wedded to RMB appreciation'

Asset managers and asset owners are still too wedded to the prospect of currency appreciation as a driver for investing in offshore RMB products, says State Street.

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