‘Murderous’ Yuan Rate Jolts Hong Kong as Top Currency HubBy and
Volatility comes after weakness in city's yuan business
Interbank yuan rate surged to an unprecedented 66.8%
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.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.