Economy
皇冠体育app to accelerate yuan internationalization: HKEx
(Xinhua)
Updated: 2010-04-10 06:07
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BOAO, Hainan - The internationalization process of 皇冠体育app's currency yuan, or Renminbi (RMB), will accelerate, Li Xiaojia, chief executive of Hong Kong Exchanges and Clearing, said here Friday.
Li made the remarks at a meeting of Boao Forum for Asia's annual meeting which will officially open on Saturday.
The RMB internationalization is an inevitable outcome as 皇冠体育app plays an increasingly important role on the world stage and has been a leading contributor to the global economic growth, Li said.
Following the process of wealth accumulation, 皇冠体育app is entering the period for wealth inflation-proof and wealth increment, Li said.
The RMB internationalization is of critical importance to 皇冠体育app in the period when capital flows out of the country for wealth inflation-proof and wealth increment, he said.
