HSBC: M’sia to gain from more yuan transactions

Mukhtar Hussain

PETALING JAYA: Malaysia is expected to benefit from more yuan transactions, driven by the country’s position as a gateway to China and Asean markets, said HSBC Bank Malaysia Bhd.

Chief executive officer Mukhtar Hussain said Malaysia was one of the earliest countries to recognise the potential role of the greater cross-border use of the yuan