What was the purpose of the liquidity UN liquidity facility launched by China?
China to Start Interest-Rate Swap Connect With Hong Kong
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The video discusses Hong Kong's development in relation to mainland China, highlighting the significance of financial connects like the Bond Connect and Hong Kong-China stock connects. It explores China's unique economic position, focusing on growth rather than inflation, and introduces the interest rate swap connect. The expansion of the currency swap to 800 billion yuan is also covered, emphasizing China's efforts to internationalize its currency amidst global geopolitical tensions.
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OPEN ENDED QUESTION
3 mins • 1 pt
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How do the sanctions against Russia relate to China's motivation to internationalize its currency?
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