Main Paths for Promoting Internationalization of the Renminbi

Date: August 22, 2010
Pages: 7
Price:
US$ 200.00
Publisher: China's Economy & Policy-Gateway International Group
Report type: Article
Delivery: E-mail Delivery (PDF), Online Subscription
ID: MDD138E849BEN
Leaflet:

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Main Paths for Promoting Internationalization of the Renminbi
Chinese authorities have shown their determination to promote the internationalization of the Renminbi. Although the Chinese government has not established clear goals and measures for planning and developing this process, as it did for many of the other reforms in China, it is still possible to explore the main paths leading to the eventual internationalization of the Renminbi.
I. FOCUS ON PROMOTING THE CROSS-BORDER TRADE RENMINBI SETTLEMENT PILOT PROGRAM IN THE NEAR FUTURE

II. ENHANCE BILATERAL CURRENCY COOPERATION WITH TRADING PARTNERS

III. STRENGTHEN COOPERATION WITH THE INTERNATIONAL FINANCE CORPORATION

IV. PROMOTE HONG KONG AS AN IMPORTANT OFFSHORE RENMINBI TRADING CENTER

V. DEEPEN THE DEGREE OF OPENNESS IN THE FINANCIAL MARKET

VI. MODERATELY LIBERALIZE THE CAPITAL ACCOUNT
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