They created a convertible market in hong kong. The currencies are the same but can be de-pegged (CNY and CNH). Overall, I think china will prefer to do managed

They created a convertible market in hong kong. The currencies are the same but can be de-pegged (CNY and CNH). Overall, I think china will prefer to do managed big deal one-on-one with other countries. This might not cover all of their trade but probably a large (50%+) of it.