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Opinion

China's yuan policy has made Hong Kong redundant

Greater global acceptance of currency means mainland centers like Shanghai can step up

| Hong Kong
Hong Kong's intrinsic feature of bridging two systems served it well, but this is no longer the case.   © Reuters

Paola Subacchi is Professor of International Economics at the University of London's Queen Mary Global Policy Institute and the author, most recently, of "The Cost of Free Money."

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