24 July 2014

RMB in the spotlight

29 October 2012  |  4356 views  |  0 Source: Swift Shanghai skyline 2

Swift, in collaboration with its members, has published a new white paper on RMB internationalisation as the Chinese currency gains increasing traction as an engine for global trade flows.

The paper was created with contributions from Bank of America Merrill Lynch, Bank of China (Hong Kong), Bank of Communications, Citibank, HSBC, J.P. Morgan, Royal Bank of Scotland and Standard Chartered Bank.

The paper reviews the key milestones in RMB internationalisation and examines the current infrastructure and various offshore RMB centres. Market expectations around the future RMB clearing systems are also addressed.» Download the document now 288.4 kb (PDF File)

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