Reports

HSBC RMB Survey Report 2015

In 2014, HSBC commissioned a comprehensive study of RMB internationalisation worldwide – and this report sets out Their findings. In January and February 2015 they interviewed a total of 1,610 businesses and corporates across 14 markets, who currently have international business with mainland China. Every respondent was a financial decision maker with influence over the selection of service providers for their business.

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London RMB business volumes 2014

This report covers the development of the London renminbi market for the full year of 2014.

The overall findings fit with the key trends identified in previous London RMB business volumes reports in this series. Although market volatility continues, RMB business is developing globally both in terms of volume and in the breadth of products and services denominated in the currency. UK growth matches well this global trend and we expect London will maintain its position as a leading centre for RMB business for the foreseeable future, bringing with it even more opportunity within what remains a nascent but hugely exciting emerging financial market.

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Renminbi ascending: How China's currency impacts global markets, foreign policy and transatlantic financial regulation

This report was authored by Bourse Consult and published by the City of London.

This report, authored by the Atlantic Council and developed in partnership with the City of London Corporation, Standard Chartered and Thomson Reuters, analyses the key drivers behind the ‘internationalisation’ of the renminbi (RMB) and the impact this will have on the global financial system, including important implications for transatlantic monetary, regulatory and foreign policy. In doing so, it identifies future areas of reform needed to efficiently move the process forward and illustrates important links to macroeconomic, macroprudential and macropolitical strategies.

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Renminbi rising. Onshore and offshore perspectives on Chinese financial liberalisation.

This Economist Intelligence Unit report, commissioned by State Street, examines the future development and internationalisation of China's currency and the pace, process and likelihood of financial reform in the country. It compares the views of institutional investors headquartered in mainland China (excluding Hong Kong and Taiwan) with those based elsewhere. The report is based on a survey of 200 senior executives from institutional investors with knowledge of their exposure to renminbi assets.

http://www.economistinsights.com/financial-services/analysis/renminbi-rising

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Research & Whitepapers

Global implications of the Inclusion of theRMB into the SDR

XU Hongcai Director of the Economic Research Department, China Center for International Economic Exchanges (CCIEE) (Paper for Think Tank 20 China Kickoff Meeting)

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Harnessing the RMB opportunity: A brief guide to China's global currency

Deutsche Bank has released a new guide to RMB internationalisation, which includes information on a broad range of the bank's Renminbi capabilities and key practicalities for corporate clients.

The guide provides Deutsche Bank's clients with an outlook on the road ahead for RMB internationalisation, an update on the RMB FX market, an overview of key trade and payment developments, as well as information on external and intercompany funding solutions.

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The Internationalization of the Renminbi and the Rise of a Multipolar Currency System

Miriam L. Campanella for the European Centre for International Political Economy (ECIPE) Published January 2014

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BOOK OF THE MONTH

Chinese Currency and the Global Economy: The Rise of the Renminbi

Chinese Currency and the Global Economy: The Rise of the Renminbi

by Chen Yulu (Author)

Chinese Currency and the Global Economy is an all-encapsulating study of the Chinese monetary system from the historical perspective of global economy and finance.

From economic infrastructure to the cultural system and from world events to the domestic scene, author Chen Yulu describes the metamorphosis of the Chinese currency and examines what is entailed in the globalization of Renminbi against the background of world economic multi-polarization.

Chen Yulu is an Eisenhower senior visiting fellow and a Fulbright senior scholar. He serves concurrently as president of Renmin University of China, vice-chairman of the China International Finance Association, and deputy secretary general and executive director of the China Society for Finance and Banking

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Video Vault

Is China Ready to Challenge the Dollar? : Center for Strategic & International Studies

Is China Ready to Challenge the Dollar? : Center for Strategic & International Studies

Introduction to the report: Is China Ready to Challenge the Dollar? Internationalization of the Renminbi and Its Implications for the United States
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China is No Longer Manipulating its Currency : PetersonInstitute

China is No Longer Manipulating its Currency : PetersonInstitute

President-elect Donald J. Trump has vowed to label China a currency manipulator on his first day in office. That pledge is outdated as well as dubious legally. China did manipulate the renminbi from 2003 through 2014 in order to boost its exports and make imports more expensive. But China is no longer doing it. In fact, it is intervening to increase the value of the renminbi—an action that actually helps make US exporters more competitive. Labeling China a manipulator also has no legal impact.
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Davos 1017 - Asia Takes the Lead : World Economic Forum

Davos 1017 - Asia Takes the Lead : World Economic Forum

Asia looks to play an increasingly important role in the global economy as ASEAN celebrates its 50th anniversary. But as prospects for global trade darken, how will Asia’s economic journey continue?
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A Globalized Renminbi: Will it Reshape Latin America? : Atlantic Council

A Globalized Renminbi: Will it Reshape Latin America? : Atlantic Council

The Atlantic Council promotes constructive leadership and engagement in international affairs based on the Atlantic Community's central role in meeting global challenges.
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PBoC raises renminbi’s daily fix - Markets : Financial Times

PBoC raises renminbi’s daily fix - Markets : Financial Times

China strengthened the renminbi’s trading range on Friday by the most in more than a decade as investors awaited data expected to show Beijing is continuing to burn through its reserves to support the currency
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2017 China Macroeconomic Outlook : Goldman Sachs Research's Andrew Tilton

GS Research’s Andrew Tilton expects continued fiscal and credit stimulus in support of a 6.5% GDP growth target, adding to the tension between China’s near-term growth goals and longer-term financial imbalances and risks
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Change in China - Development of the Renminbi

HSBC NOW looks at how the internationalisation of the Renminbi is affecting people in China. In this episode, HSBC's Rongrong Huo explores how the country has changed over the past 40 years and finds out how the currency will fuel China's growth.
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