- HSBC Asset Management has launched an RMB-denominated money market fund designed to capitalise on the rising internationalisation of the Chinese currency.
- Chinese monetary policy is designed to connect China’s mainland economy with the rest of the world, and the inclusion of Chinese equities in leading international indices has helped drive the global demand for RMB.
- The HSBC Global Money Funds-Renminbi will invest in various money market instruments from corporate and government issuers.
HSBC AM debuts RMB money market fund
