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Joseph Yam, chief executive of the Hong Kong Monetary Authority, expressed hope Monday on clinching a deal for Hong Kong banks to conduct personal renminbi business.

Senior Hong Kong finance and stock-exchange officials are visiting Beijing this week for discussions with officials of the People's Bank of China and the China Banking Regulatory Commission. They will discuss key initiatives such as the proposed qualified domestic institutional investor (QDII) programme, allowing Hong Kong banks to conduct renminbi business and the use of renminbi credit cards by mainland tourists in Hong Kong.

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