$Futu Holdings Limited(FUTU)$ $Tesla Motors(TSLA)$ $HSTECH(HSTECH)$ $Mini HKEX USD/CNH - main 2306(MCNHmain)$
Yes I know this is a sensitive topic. But I believe I still have to make it a point to emphasise that no country will ever want to run itself the risk of having too many dollars assets and end up having its assets confiscated in an unlikely event of war or hostile situation.
Further, with the immense liquidity situation due to the vast USD printing, countries need an alternative to USD. This is not meant to replace the USD but a currency to reduce their reliance on USD.
What could be such a currency? It makes sense to have rmb because china is the second largest economy. This circles back to my precious view that RMB is likely to be one of the strongest currency this year.
As always, this should not be construed as any investment or trading advice.
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