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Chen Gong, chief researcher at leading Chinese private think tank Anbound, tells GlobalRMB that the excessive caution of onshore authorities has made the pace of RMB internationalization far from ideal.

Players in uncleared derivatives are undecided whether to stay in the market because the rules for margin on the trades have still to be set, according to Biswarup Chatterjee, global head of electronic trading at Citigroup in London.