Internationalization of the Renminbi: Weaving a Web for the Redback
Report Summary
Internationalization of the Renminbi: Weaving a Web for the Redback
2020 could be a key turning point for the renminbi as an international currency.
London, 2 September 2014 – Whether you call it the renminbi, the yuan, or the redback, there's no denying the Chinese currency's increased presence on the global stage; the Chinese government and regulators have taken steps toward liberalizing the currency, and a number of offshore centers have emerged. But as the renminbi progresses as a trade finance, payments, and investment currency, does it also have future potential as a reserve currency?
This Impact Report, based on Aite Group's independent research and analysis as well as telephone interviews with leading market participants, examines the progress that the renminbi has made thus far and assesses its internationalization process, including various offshore hubs' role in the development of offshore liquidity.
This 76-page Impact Report contains 56 figures and two tables. Clients of Aite Group's Institutional Securities & Investments or Wholesale Banking & Payments services can download this report.