The Offshore Renminbi

The Offshore Renminbi

The Rise of the Chinese Currency and Its Global Future

eBook - 2013
Rate this:
The rise of the renminbi and what it means for forex markets

Chinese authorities have ambitious plans to "internationalize"the renminbi, transforming it from a tightly controlled domesticlegal tender into a global currency for international trade, heldby both private and public sector asset managers. The OffshoreRenminbi examines this impending currency revolution, outliningwhy the emergence of China as a major economic power will likelysoon be matched by a transformation of the renminbi's role in theglobal financial system. It explains how new markets for "offshore"renminbi are developing outside mainland China since the country isnot yet ready to fully open up its economy to international capitalflows, and the regulations that govern them.

The potential growth for the renminbi market is vast, thanks toChina's role in the global trading community. The early stages ofthe internationalization effort were small-scale, but momentum hasgreatly increased over the past 18 months, making this book morerelevant than ever. These developments offer new opportunities (andchallenges) for corporate treasurers and investors, as China'sprofound economic success and growing prominence in global trademay transform offshore renminbi into a new global reserve currencyand a legitimate competitor to the U.S. dollar.

Explores how the "internationalization" of the renminbi islikely to yield a new global currency to rival the U.S. dollar Examines "offshore" renminbi and the host of new financialmarkets they have created, from a spot FX market to Dim Sum bondsin Hong Kong Covers broad themes of interest to general readers andpolicymakers, as well as more detailed issues of practical anddirect importance to corporate treasurers and investors

The Chinese government has ambitious plans to make the renminbia global currency. The Offshore Renminbi explains thecomplexities of this strategy and the dramatic implications for theglobal FX markets.

Publisher: Singapore : John Wiley & Sons Singapore Pte. Ltd., 2013.
ISBN: 9781118339268
Characteristics: 1 online resource (xxii, 245 pages) : illustrations
Additional Contributors: Lau, Kelvin
ebrary, Inc


From the critics

Community Activity


Add a Comment

There are no comments for this title yet.


Add Age Suitability

There are no ages for this title yet.


Add a Summary

There are no summaries for this title yet.


Add Notices

There are no notices for this title yet.


Add a Quote

There are no quotes for this title yet.

Explore Further

Subject Headings


Find it at KCLibrary

To Top