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RMB internationalization enters new era
In an exclusive interview with China Daily Hong Kong, Zhong Hong, chief economist at Bank of China (Hong Kong), said that renminbi internationalization has entered a new phase of growth, against the backdrop of global investment portfolio diversification and the restructuring of supply chains. To enhance its function as the offshore renminbi hub, Hong Kong should consolidate its status as a payment center while proactively developing into a center for offshore renminbi investment, financing, and risk management.
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