Last month Thomson Reuters and Hong Kong Exchanges and Clearing Limited (HKEX) signed an agreement for the creation of a new series of Renminbi (RMB) indices which reflects the development of the RMB's effective exchange rate against other major currencies. The index series, which is designed to be transparent, tradeable and compliant with the International Organisation of Securities Commission's (Iosco) principles for financial benchmark governance and administration, will be officially launche

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