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Rise of the redback and why treasurers need to watch Australia

As far as offshore renminbi hubs outside of Hong Kong go, London rules the roost, but Australia’s quiet but determined bid is showing what an RMB ecosystem could look like
Rise of the redback and why treasurers need to watch Australia

In terms of sheer numbers, London as an RMB trading hub has edged out the competition – not just in Europe but in Asia too.

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