Hong Kong-based fund managers have found much of interest in the Chinese authorities' latest announcements concerning the internationalisation of the renminbi.
Proposals to allow investors to access their renminbi deposits and buy renminbi-denominated financial products are expected to capture the imagination of the investing public.
Last year, Hong Kong retail investors greeted the first issue of renminbi-denominated bonds outside mainland China enthusiastically and quickly soaked up the Rmb6bn ($885m, ￡567m, €681m) issued.
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