RMB product boost expected as HK conversion cap scrapped
Monday November 17 is looking set to be a busy day for Hong Kong's RMB business. Not only is it the official launch date for the Shanghai-Hong Kong Stock Connect (SHKSC) and the first possible date for the next auction of Chinese government dim sum bonds in Hong Kong, but now it will also mark the first opportunity for residents of the SAR to convert funds into renminbi with no daily limit.
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