FX VOICE: Will Taiwan CNT rates converge with Hong Kong's?
Exchange and rates of renminbi inside Taiwan are expected to move in line with offshore CNH market rates in the near term. Will exchange and interest rate regimes in Taiwan converge with Hong Kong's? CT asks the experts.
Frances Cheung, senior strategist Asia ex-Japan, Credit Agricole CIB (pictured):
Looking through the regulations related to renminbi business in Taiwan so far – including amendments and a newly-added one, we found factors that would support spot CNH (Hong Kong) and spot CNT (Taiwan) to trade fairly close to each other.
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