Quotes from the news wire:
Moving into CLS naturally has a huge impact on the trading volume in a currency. It clearly is a barrier just now, cLS eligibility could be achieved by the PBOC within 3-3-1/2 years. If it was mandated instead to the Hong Kong Monetary Authority to carry out this process (for the CNH) then it could be done in half that time, probably in 18 months.
Found on Reuters 9 years ago
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