Harder push likely on yuan, says HSBC
By Gao Changxin in Hong Kong | China Daily | Updated: 2013-03-19 05:36
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A clerk counts banknotes at a rural bank in Ganyu, Lianyungang city in Jiangsu province. A report by HSBC said China is likely to further widen the yuan's daily trading band and change the currency's fixing mechanism against the US dollar this year. Si Wei / For China Daily |
HSBC Holdings PLC expects China to push harder this year for the yuan's convertibility and trading freedom as part of the nation's goal to make the yuan a global reserve currency.
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