‘Murderous’ Yuan Rate Jolts Hong Kong as Top Currency Hub

Updated on
  • Volatility comes after weakness in city's yuan business
  • Interbank yuan rate surged to an unprecedented 66.8%

Should Investors Bet Against the Yuan?

An unprecedented surge in the cost of borrowing in yuan in Hong Kong adds to questions about the outlook for the city’s role as the biggest offshore hub for the Chinese currency.

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