LONDON – The RMB, or Chinese yuan, would be able to become one of the top three global traded currencies in volumn term by the end of 2015, said Douglas Flint, chairman of HSBC Holdings plc, in London Friday.
“The RMB is increasingly the part of nomal day-to-day business for anyone trading or investing in China,” said Flint at the Annual General Meeting (AGM).
“Every international business with an eye on China should be considering potential benefits for using the RMB, and the RMB investment opportunity has been created around the world, supported by the thriving offshore markets, particularly offshore bond markets,” he said.
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