Nomura's Kinoshita Discusses Yuan's Internationalization: Video

Mon, 09/06/2010 - 23:07 EDT - Bloomberg - Video News

Nomura's Kinoshita Discusses Yuan's Internationalization: Video

Sept. 7 (Bloomberg) -- Tomo Kinoshita, deputy head of economics for Asia ex-Japan at Nomura International (Hong Kong) Ltd., talks about the outlook for the yuan. China is encouraging the use of its currency for the settlement of cross-border trade, expanding the amount of yuan held in Hong Kong, whose currency is pegged to the US dollar. Yuan deposits in the former British colony rose 15.6 percent in July to a record 103.7 billion yuan, according to Hong Kong Monetary Authority figures. Kinoshita speaks with Rishaad Salamat on Bloomberg Television. (Source: Bloomberg)
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