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Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
HSBC Hong Kong has joined China’s international payments system as a direct participant, giving the world’s biggest player in trade finance a key role in Beijing’s push to expand use of the renminbi.
The bank’s Hong Kong unit is “formally joining” China’s Cross-Border Interbank Payment System, known as Cips, David Liao, co-chief executive of the bank’s…
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