RMB still a haven despite FX volatility and first default, says Haitong Intl

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RMB still a haven despite FX volatility and first default, says Haitong Intl

Having launched Haitong International Asset Management’s first RQFII exchange traded fund, managing director Ben Zhang tells GlobalRMB that global investors are underweight the RMB asset class and that recent events like China’s first public bond market default and a bout of FX volatility should be no deterrent.

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