Renminbi internationalisation – The master plan

In a flurry of recent activity, China has made it easier for foreign portfolio investors to invest in its domestic stock markets, allowed some cross-border trade with Hong Kong to be settled in renminbi, announced that it will issue Rmb 6bn ($879m, €602m, £529m) in renminbi-denominated bonds in Hong Kong, planned to set up a new department in the central bank to handle issues surrounding the renminbi’s internationalisation and decided to use renminbi to buy up to $50bn (Rmb 341bn, €34.3bn, £30.1bn) in bonds issued by the International Monetary Fund (IMF).

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Other Articles on this Issue

• The Big Call

  Domestic brand cars to ramp up market share

• Consumer China

  Internet ads – Search and Rescue

  Sohu – Buoyed by games

  Sina – Behind the curve

  Baidu – Search Successful

• Financial China

  Banks’ Net Interest Margin rebounding

  Bank regulator blinks on credit tightening

• Funds Data

  China back in vogue

• Postcard From No 528

  International board: a Barmecidal feast?

• Capital Intensive China

  Real Estate – Bubble, what Bubble?

• Guest Column

  Banks, property and large caps to shine

• The Best of Chinese Commentators

  Following the hot money

  How sustainable is the economic rebound?

• Editor's View

  Talking bubbles, but spending more

• View issue