Conference speaker laments renminbi demand outstripping supply
The People's Bank of China (PBoC) relaxed controls this summer enabling the yuan to be traded and settled in Hong Kong. The move led electronic brokers Thomson Reuters and EBS Spot to launch trading in the yuan (FX Week, October 4).
The conference was held under the condition of anonymity. The speaker, who trades out of Hong Kong, also pointed out the widening interest rate differentials between the Chinese onshore market and Hong Kong offshore market. "People are looking to move liquidity from
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