The latest news on the renminbi, including offshore RMB financing, dim sum bond launches, RMB in trade finance, regulatory and policy updates, and weekly dim sum bond bookrunner rankings from partner Dealogic.
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16 May 2012
The US financial centre would be an ideal offshore renminbi hub, but bellicose political rhetoric against China means it will be unable to take advantage of this opportunity for a long time to come.
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16 May 2012
Selected Chinese corporates will be allowed to tap renminbi liquidity in Hong Kong via the loan market. Remittance is permitted and the programme could be expanded to other provinces.
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16 May 2012
Some observers consider the central government’s plan to develop the local municipal bond market as an alternative funding source to be positive, but sceptics believe it is bank financing by another name.
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16 May 2012
The region’s local currency bonds will be a haven from a turbulent future for emerging markets and the CNH market should thrive going forward, according to Pictet Asset Management.
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14 May 2012
The UK-headquartered bank was considered the best for overall offshore renminbi services and the standout institution across a set of other categories in ASIAMONEY's debut survey of this growing market.
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11 May 2012
While China may have ambitions to fully internationalise the renminbi, multinational corporations are still disinclined to adopt the currency and are unlikely to change their minds anytime soon.
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10 May 2012
Taiwan may have ambitions of becoming an offshore renminbi trading centre – with China fanning the flame – but Taiwan shouldn’t bet on it transpiring.