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RMB Will Sooner or Later Become Internationally Circulating Currency; HK Can Seek Biz from Small European Countries, Says Ex-HK Financial Services & Treasury Sec.
2025-04-28 09:38:03 K C Chan, Hong Kong's former Secretary for Financial Services and the Treasury, said in a radio interview that the tariff war is changing the global political and economic landscape and prompting US allies such as the EU and Canada to become wary of the US. The US' position among its Western allies will begin to weaken, and this will present opportunities for Hong Kong and China, Chan concluded. Meanwhile, Hong Kong can increase trade with small European countries as they tend to have a more open attitude toward China, Chan added. He believes that China will gradually open up its capital account, and that the RMB will sooner or later become an internationally circulating trading currency. ~ AAStocks Financial News Web Site: www.aastocks.com | |