HKEx chief expects floating yuan
(03-14 12:44)
The chief executive of the stock market operator in Hong Kong, Charles Li Xiaojia, says Beijing will open its financial markets to the world and allow the yuan to be traded freely on foreign exchanges.
The head of Hong Kong Exchanges and Clearing told a conference in the US state of Florida that Beijing also needs to reform the way it sets interest rates. The yuan is close to its highest level against the US dollar for nearly two decades at the moment, RTHK reports.
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