Paulson, Geithner, and Bloomberg want to bring the Chinese yuan to Wall Street

Some of the biggest luminaries of US finance are spearheading an effort to bring the Chinese yuan to America. Michael Bloomberg, founder of the eponymous financial news and data business and former mayor of New York City, will chair the Working Group on US RMB Trading and Clearing, as it’s called. Former US treasury secretaries Henry Paulson and Timothy Geithner will serve as co-chairmen.

Read Full at http://qz.com/561738/paulson-geithner-and-bloomberg-want-to-bring-the-chinese-yuan-to-wall-street/

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