China gets back to work on RMBi
![usd vs rmb 230px](https://assets.euromoneydigital.com/dims4/default/bab8e7c/2147483647/strip/true/crop/230x150+0+0/resize/840x548!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2Fc2%2F2a%2Ff696173a6cf788a0b8a525e0b15f%2Fusd-vs-rmb-230px.jpg)
China’s substantial liberalisation of its onshore capital market has given a new lease of life to the internationalisation of the RMB. But if the RMB is to succeed as a truly global currency, China must reverse measures introduced three years ago, provide access to hedging as well as liquidity and risk-management instruments, and eventually allow its currency to float. Paolo Danese reports.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: