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UniCredit: The RMB comes of age for transaction bankers

Writing in TFR, the head of GTB Asia at UniCredit, Kok-Keong Tay, argues that the RMB has seen impressive progress in its internationalisation over recent years. But while there are compelling reasons for Chinese exporters and their foreign counterparties to transact in RMB, Chinese regulations remain burdensome, and currency risk remains a concern.

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