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Highlights
- Mainland and Hong Kong markets retreated along with Europe and the US. Broad-based equity indices in both markets fell by 3 per cent to 8.7 per cent.
- CES G10 outperformed the market by falling 2 per cent.
- Global equity indices plunged across the board in anticipation of further rate hikes.
- Reports said HKEX is working to launch ETF Connect this year, while expanding its listing regime to accommodate new economy companies.
- White paper issued by Bank of China points to optimism about RMB’s internationalisation.
- PBC adviser expects volatility in RMB to narrow and suggests less currency intervention
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