StanChart's RGI drops in April, but outlook brighter
Standard Chartered's proprietary RMB Globalisation Index (RGI) fell by 0.8% month-on-month in April, the first drop since October 2012, on the back of slowing cross border RMB payments. However, a pick-up in offshore RMB bond issuance and improving RMB liquidity should turn things around, according to the bank.
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