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Experts offer mixed views on measures including renminbi bonds, repos and HKMA facilities
September was a busy month for renminbi internationalisation efforts, as the monetary authorities of mainland China and Hong Kong made several announcements that referenced boosting the Chinese currency globally as among their core aims.
The People’s Bank of China and the Hong Kong Monetary Authority implemented policy changes that included opening mainland China’s repurchase market to foreign investors, issuing renminbi-denominated bonds via the HKMA, expanding an existing renminbi funding
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