Renminbi Keeps Going, Chinese Companies Keep Coming [View article]
Thanks guys! Important topic, making more and more headwinds! The RMB seems to be incrementally developing, will have big market moving effects... Follow on the http://www.rmbeffect.com
Very good article. China is following a slow, gradual process of internationalization of the RMB, creating an RMB bloc in Asia and slowly building out domestic and international infrastructure. The next 10 years should provide much progress
Nice article, the topic is going to get very hot in the next 8 years, as the CCP is planning to make Shanghai a big international finance hub by 2020. Follow http://www.rmbeffect.com on twitter
I was highlighting the fact that USD transactions are decreasing and regional currency use is increasing. Yes, the euro is not in position to overtake anything atm, only itself.
In terms of RMB and RMB bloc, China-Africa trade is where a lot of interesting developments are happening. WSJ talks about how Citi is setting up yuan products: http://on.wsj.com/Zu8gaf
The City of London RMB initiative is also worth to keep an eye on: http://bit.ly/VWBgZm
True, there are a lot of domestic issues that keep China down, but the focus should be first around the RMB bloc, regionally.
China takes incremental, very calculated steps in terms of economic development, and broadens scope in the Maoist strategy of "encircling cities from villages". There seem to be strong incentives to open Chinese financial markets and increase RMB use outside the Mainland, the CNH. The current leadership change could accelerate this trend.
Renminbi Keeps Going, Chinese Companies Keep Coming [View article]
China's Uncertainties Won't Stop Renminbi's Rise [View article]
Is There An Asian RMB Bloc? [View article]
Renminbi Bloc: Future Implications [View article]
In terms of RMB and RMB bloc, China-Africa trade is where a lot of interesting developments are happening. WSJ talks about how Citi is setting up yuan products:
http://on.wsj.com/Zu8gaf
The City of London RMB initiative is also worth to keep an eye on:
http://bit.ly/VWBgZm
Renminbi Bloc: Future Implications [View article]
China takes incremental, very calculated steps in terms of economic development, and broadens scope in the Maoist strategy of "encircling cities from villages". There seem to be strong incentives to open Chinese financial markets and increase RMB use outside the Mainland, the CNH. The current leadership change could accelerate this trend.