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Laos scores triumph over London in renminbi stakes – opinion
July 03, 2012
The Laos central bank has appointed ICBC as a clearing bank for renminbi, putting the country ahead of London and other potential offshore centres which must clear the currency through Hong Kong.
The eyes of renminbi watchers have been firmly on Hong Kong over the last few days. As President Hu Jintao visited the special administrative region as part of the celebrations for the 15th anniversary of the handover, he was handing out a number...
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