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Lyndon Chao, Managing Director of Equities and Post Trade at ASIFMA, quoted in China Daily story “RMB assets hold long-term pull for global investors”.
Directly from article –
“The country’s fundamentals are strong in the long run and China has been contributing much to global growth, said Lyndon Chao, managing director at the Asia Securities Industry & Financial Markets Association.
Explaining the reasons for investing in renminbi assets, Chao said low correlation with other risky assets can help achieve risk diversification while capturing upside potentials.”
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