China'scentralbanksettheRenminbimidpointat6.7307perdollaronThursday,thestrongestlevelsinceOctober18th,2016,reflectingthedollar'sbroadweaknessinglobalmarkets.Thu
Hong Kong Chief Executive CY Leung said on Monday that Jan. 2014 marks the commencement of the 10th year of Renminbi offshore trading business of the city. It is of utmost importance for the city to maintain its leadership in trading the popularizing currency.
Banking multinational Standard Chartered said Monday that the offshore Renminbi market is regaining momentum following a soft patch in late second quarter and early third quarter, as its Renminbi index rose 2.4 percent in October from the previous month.
A finance official of the United Kingdom said on Friday that the country is happy to see the establishment of the Shanghai Free Trade Zone.
British financial secretary to the Treasury Greg Clark is expecting to visit China's Hong Kong this week, aiming to further progress in the partnership between Hong Kong and Britain in developing offshore markets for the Chinese currency Renminbi.
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