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29.12.25 - 11:36
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OCBC, Bangkok Bank, First Abu Dhabi join Hong Kong′s US$14 billion offshore yuan scheme (SCMP)
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Leading banks from Southeast Asia and the Middle East – including OCBC, Bangkok Bank, First Abu Dhabi Bank and Qatar National Bank – have joined the Hong Kong Monetary Authority's (HKMA) expanded yuan liquidity facility, underscoring the city's push as a global offshore renminbi (RMB) business hub.
The HKMA said on Monday it had doubled the quota it allocated to banks under the Renminbi Business Facility to 100 billion yuan (US$14 billion) from December 1, the maximum allowed under the......
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22.12.25 - 11:01
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Why Thailand Currency′s Surge Defies Economic Gravity (Bloomberg)
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The Thai baht is heading for its biggest annual gain against the US dollar in eight years. At first glance, there seems to be little to justify its outperformance against regional peers. Thailand's economy is far from robust, weighed down by sluggish tourism, high household debt and a 19% tariff on exports to the US....
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