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Hong Kong protests make bankers fret over offshore yuan role

By Saikat Chatterjee and Michelle Chen HONG KONG (Reuters) – Peering down from their gleaming tower blocks at pro-democracy activists on the streets, Hong Kong’s bankers and traders cannot help worrying that the financial community could pay a heavy price in the long term if the city loses Beijing’s favour. As China steadily opens up, Hong Kong lives with the threat that its crucial role as China’s biggest yuan hub could become diminished as business flows to the mainland’s growing financial centres in Shanghai and Shenzhen. … …read more

Source: Hong Kong protests make bankers fret over offshore yuan role

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