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    HK sees boom in daily RMB settlements

    By Zheng Yangpeng | China Daily | Updated: 2013-10-19 08:26

    Hong Kong's daily renminbi settlement has exceeded that of the Hong Kong dollar, according to the Hong Kong Monetary Authority, underlining the yuan's increasing internationalization.

    Daily renminbi settlement through the real time gross settlement systems is at nearly 400 billion yuan ($65.6 billion).

    There has been explosive growth since 2009, when the cross-border yuan settlement was first allowed.

    HK sees boom in daily RMB settlements

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