RQFII to drive Japan’s RMB business

Li and Abe
By Noah Sin
27 Jul 2018

A new dawn has broken for RMB business in Japan, as the country prepares to launch its first RMB clearing bank and a local currency swap line with China. For now bankers are focusing on new renminbi investment quotas, which could mobilise the vast pool of Japanese household assets to tap onshore Chinese securities.

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