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Financial China

Rmb appreciation, or a new basket, or nothing much?

25 March 2010

China's current peg to the US dollar will be overhauled at some stage, but will it be replaced by a genuine currency basket, or – with a trade deficit in March in prospect – will nothing much change?

RENMINBI COMPASS

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Renminbi Compass, a new research service launched by the FT, aims to act as a navigational guide through the expanding universe of renminbi asset classes. With the Chinese currency gaining ever-wider acceptance around the world and Beijing taking steps to open its capital account, we are broadening our research coverage to include not only equity funds but also all other important renminbi asset classes, such as chengtou bonds, dim sum bonds, real estate, trust products, underground banking, art, antiques and several others.