3 policies for Internationalization of RMB. major player in international trade and finance...
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3 policies for 3 policies for Internationalization of RMB Internationalization of RMB
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Transcript of 3 policies for Internationalization of RMB. major player in international trade and finance...
3 policies for Internationalization of RMB3 policies for Internationalization of RMB
China
Background
Internationalization of RMB
For transaction with non-resident
1st policy
2nd policy
3rd policy
The China-ASEAN Free Trade 1) increase the two-way trade
2) further use of the RMB for trade settlements.
RMB is not a convertible currency China controls capital flows The core of the Chinese financial market
is the underdeveloped state-owned banks
Market infrastructure & institutions are not comparable to those in HK and other world-class open financial markets
Shortcomings
The End