StanChart adds Taiwan to offshore yuan market index

09/9/2013 | Taipei Times (Taiwan), The

Taiwan has been added to Standard Chartered Bank's Renminbi Globalization Index, joining the ranks of Hong Kong, Singapore and London due to the rapid growth of Taiwan's yuan market. "This is well-deserved recognition for Taiwan’s success in growing its offshore yuan business and for its contribution to the expansion of the overall yuan market pie," said Tony Phoo, the bank's Taipei-based economist.

View Full Article in:

Taipei Times (Taiwan), The

Published in Brief: