Yuan May Account for 50% of Hong Kong-China Trade
May 5, 2009 by admin · Leave a Comment
About 50 percent of Hong Kong’s trade with China may be settled in yuan as exporters reduce their exposure to a weakening dollar, Industrial & Commercial Bank of China (Asia) Ltd. said. The first settlements of international trade using China’s currency will start with about 400 Chinese companies in five pilot cities, Stanley Wong, deputy [...]