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Following the signing of the Memorandum, Standard Chartered and HSBC announced plans to offer higher-yielding yuan products in Hong Kong.
Standard Chartered says it will offer yuan investment that link returns to the performance of an underlying index. And HSBC says it will offer products with an "enhanced yield", with interest payments tied to the performance of the yuan.
- PBOC and HKMA sign yuan trade memo 2010-07-20
- China to allow sales of yuan products in HK soon: rpt 2010-07-13