05.11.2012 - Taiwan as yuan hub seen aiding Perng currency gain fight
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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