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Renminbi internationalisation and financial centres

17 November 2011

So far, most of the action in quest to “internationalise” of the renminbi currency has taken place in Hong Kong and it is not the renminbi itself that is being internationalised but the “redback”, the offshore renminbi, which is not freely interchangeable with the mainland currency. Therefore, the question arises: Does the rise of the offshore renminbi reinforce Hong Kong’s position as China’s financial centre or will it eventually enhance Shanghai’s prospects too?

RENMINBI COMPASS

Renminbi Compass reflects key changes in the renminbi-denominated investment environment.

Providing research coverage on asset classes as diverse as chengtou bonds, dim sum bonds, real estate, trust products, underground banking, art and antiques, as well as its traditional equity fund research.

Renminbi Compass provides orientation for investors navigating the expanding universe of renminbi asset classes.