Recent Policy Changes Toward the Internationalization of the Renminbi

Hung Gay Fung; Jr-Ya Wu; Jot Yau

doi:10.2753/CES1097-1475460401

Recent Policy Changes Toward the Internationalization of the Renminbi

Hung Gay Fung, Jr-Ya Wu, Jot Yau

University of Missouri-St. Louis

Research output: Contribution to journal › Article › peer-review

Abstract

This article reviews the ongoing internationalization of the Chinese RMB and some policy changes related to capital flows across China. In particular, it discusses several recent economic reforms, including the Wenzhou experiment, the growth of cross-border banking, and the new currency zone in the Pearl River Delta region. It also considers the challenges facing Singapore, London, and Taipei as offshore RMB markets and the development of the dim sum bond markets in Hong Kong.

Original language	American English
Journal	The Chinese Economy
Volume	46
DOIs	https://doi.org/10.2753/CES1097-1475460401
State	Published - 2013

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Business

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abstract = " This article reviews the ongoing internationalization of the Chinese RMB and some policy changes related to capital flows across China. In particular, it discusses several recent economic reforms, including the Wenzhou experiment, the growth of cross-border banking, and the new currency zone in the Pearl River Delta region. It also considers the challenges facing Singapore, London, and Taipei as offshore RMB markets and the development of the dim sum bond markets in Hong Kong. ",

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AB - This article reviews the ongoing internationalization of the Chinese RMB and some policy changes related to capital flows across China. In particular, it discusses several recent economic reforms, including the Wenzhou experiment, the growth of cross-border banking, and the new currency zone in the Pearl River Delta region. It also considers the challenges facing Singapore, London, and Taipei as offshore RMB markets and the development of the dim sum bond markets in Hong Kong.

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Recent Policy Changes Toward the Internationalization of the Renminbi

Abstract

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