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View Full Version : Hong Kong Peg Architect Says Convertible Yuan `Long Way Off' - Bloomberg



NewsWhore
04-25-2012, 01:10 AM
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Bloomberg (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNH8P3CJDvL1D834FmSWm3bR1HzIDA&url=http://www.bloomberg.com/news/2012-04-25/hong-kong-peg-architect-says-convertible-yuan-long-way-off-.html)


Hong Kong Peg Architect Says Convertible Yuan `Long Way Off' (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNH8P3CJDvL1D834FmSWm3bR1HzIDA&url=http://www.bloomberg.com/news/2012-04-25/hong-kong-peg-architect-says-convertible-yuan-long-way-off-.html)
Bloomberg
China is “still a long way off” from making its currency fully convertible and until that happens Hong Kong can't shift its dollar peg to the yuan, said John Greenwood, architect of the city's exchange-rate system. The Hong Kong dollar's value has been ...

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