Hong Kong's Treasury Markets Association (TMA) Thursday announced its plan to launch the CNH Hong Kong Interbank Offered Rate fixing (CNH HIBOR fixing) in June 2013.
With different but irreplaceable advantages, Hong Kong and other off-shore renminbi ( RMB) center can build a "cooperative and supplementary rather than competitive" relationship, experts from the Chinese mainland, Hong Kong and Taiwan agreed here on Thursday.
The newly opened investment channels have given Hong Kong a competitive edge as the leading offshore RMB market, prominent figures from the city’s financial sector said Tuesday at a forum.
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