2823.hk is a synthetic ETF, it does not own the A shares directly. Be careful with its counter-party risk.
please feel free to correct if I am wrong.
There is a long long way before RMB can become reserve currency. Though RMB has depegged from USD, there are trillions of RMB backed by USD(the foreign reserve of China). So it is difficult to say RMB is an independent currency, how could it become a reserve currency?
please feel free to correct if I am wrong.
There is a long long way before RMB can become reserve currency. Though RMB has depegged from USD, there are trillions of RMB backed by USD(the foreign reserve of China). So it is difficult to say RMB is an independent currency, how could it become a reserve currency?