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

Dim Sum Bonds: The Offshore Renminbi (RMB)-Denominated Bonds

Dim Sum Bonds: The Offshore Renminbi (RMB)-Denominated Bonds

by Hung-Gay Fung (Author), Glenn Chi-Wo Ko (Author), Jot Yau (Author)

A comprehensive guide to understanding and assimilating into dim sum bond markets

The expansive growth of the dim sum bond market in the last five years has peaked investor interest and inspired companies to seek out investing opportunities that negate China's capital controls. In a four-pronged approach, Dim Sum Bonds examines the development of the dim sum bond market and its role in China's RMB internationalization policy, characteristics of dim sum bonds and its market, investors' investment objectives and the investment performance of dim sum bonds, motivations of issuers, and underwriters' roles in the dim sum bond market. Academics, financial advisors, investment bankers, underwriters, investors, and policy makers should not be without this informative and detailed guide to the offshore market central to China's internationalization of RMB.

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Video Vault

Renminbi Internationalization

Renminbi Internationalization


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Bond Connect launches

Bond Connect launches


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Onshore Versus Offshore RMB

Onshore Versus Offshore RMB


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RMB Exchange Rate to Remain Stable in 2017: Central Bank Governor

RMB Exchange Rate to Remain Stable in 2017: Central Bank Governor

The exchange rate of China’s currency the Renminbi (RMB) will remain stable in 2017 along with reform and economic efforts, said People’s Bank of China (PBOC) governor Zhou Xiaochuan, on Friday.
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Will the Renminbi be more expensive or cheaper?

Will the Renminbi be more expensive or cheaper?

Following the decision of the International Monetary Fund to include the RMB in its Special Drawing Rights basket in 2016, some people have said the entry itself proves the internationalization of the Renminbi is complete, and is now a globally recognized reserve currency. Others, however, say it only marks a new starting point for the yuan to become a popular global asset.
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China’s Financial Future: RMB Internationalization

China’s Financial Future: RMB Internationalization
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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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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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