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China-Taiwan currency trade agreement broadens scope of on-shore yuan-denominated products in Taiwan

Last week’s currency trade agreement signed between China and Taiwan will likely see an increase of RMB-flows from the Mainland to Taiwan that could eventually develop into “a Hong Kong-like scenario” where yuan-denominated products are in demand. “The private banking environment in Taiwan is very competitive, maybe even more so than Hong Kong,” says a senior Hong Kong-based private banker…

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