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Taiwan as yuan hub seen aiding Perng currency gain fight

Posted on 05 November 2012

Taiwan’s transformation into the world’s second offshore yuan center, after Hong Kong, will give central bank Governor Perng Fai-nan ammunition in his fight against currency appreciation.
SinoPac Financial Holdings Co., overseeing the island’s biggest yuan bond fund, and Uni-President Assets Management Corp., part of a Taiwanese conglomerate, say they will consider shifting more investments into higher-yielding assets denominated in China’s currency as officials finalize a clearing agreement first signed in August………………………………………..Full Article: Source


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