Hong Kong further opens up CNH flexibility

The Hong Kong Monetary Authority (HKMA) and the Treasury Markets Association (TMA) both announced plans that could further open up the marketplace for offshore renminbi in Hong Kong.

By Daniel Flatt

Apr 29, 2013

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The HKMA announced on April 25 plans to remove bank restrictions on exposure to offshore renminbi (CNH). On the same day, the TMA announced designs to publish CNH interbank fixing rates in June.

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