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Hong Kong’s push for yuan usage to serve as ‘catalyst’ for corporate adoption

Hong Kong’s push for yuan globalisation is a powerful catalyst that will prompt more companies to use the currency for invoicing and bill settlement with mainland Chinese partners and fuel demand for renminbi treasury products, according to industry leaders. Some of the city’s finance sector experts also hailed a series of recent government moves, such as taking the lead in settling mainland bills in yuan and issuing more renminbi bonds, as a “milestone” and the “biggest steps” in recent...


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