Offshore RMB remains a challenge for corporates

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The agreement earlier this week between the UK Treasury and the Hong Kong Monetary Authority (HKMA) to enhance their co-operation in support of the growth of offshore renminbi has sparked widespread excitement about London's future as an international centre for the new currency, but some corporates continue to be daunted by the practicalities of trading it.

Following the January 16 meeting between UK chancellor of the exchequer George Osborne and HKMA chief executive Norman Chan to form a new p

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