Hong Kong debuts interbank Yuan reference rate The Hong Kong - TopicsExpress

Hong Kong debuts interbank Yuan reference rate The Hong Kong Monetary Authority debuted its new interbank reference rate for the yuan on Monday. The CNH HIBOR will provide a wider variety of hedging options for holding the Chinese currency. "Its launch ... will support the growth of the RMB market by providing a benchmark for loan facilities," Peter Pang of the Hong Kong Monetary Authority said in a statement

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