17-04-2015, 05:13 PM
(17-04-2015, 12:17 PM)specuvestor Wrote: The infrastructure is here. BOC is already RMB clearing bank in Singapore. We have RMB listed stock as well.
But we don't have the "spirit". Nobody going to trade RMB stocks here unless SGX figures out how to solve the "chicken and egg" liquidity issue.
Yes, HK still the dominance offshore RMB hub, way ahead of the 2nd one i.e. Singapore.
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡