RMB-ready exporters have edge as Chinese trade links grow

Survey finds firms with RMB experience are a step ahead

renminbi-notes

Western corporations with experience of renminbi trading have an edge over their rivals in the race for greater trade links with China, according to a new HSBC Commercial Banking survey.

Two-thirds of firms in China and Hong Kong would bestow financial and relationship advantages upon those already familiar with transacting in renminbi, although awareness of this fact varies widely in Western countries. Of the participants polled for the survey, 44% in the US and 42% in the UK expected pre

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