Use Chinese currency as well as Hong Kong dollars for locally listed stocks, says Executive Councillor Joseph Yam

Executive Councillor Joseph Yam has suggested using Chinese renminbi as well as the Hong Kong dollar to price, trade and settle stocks listed in Hong Kong. Yam, the former chief executive of the Hong Kong Monetary Authority, said in a new article entitled “International Financial Centre and Monetary and Financial Stability” that the domestic economy of Hong […]