Coverart for item
The Resource The offshore Renminbi : the rise of the Chinese currency and its global future, Robert Minikin, Kelvin Lau, (electronic resource)

The offshore Renminbi : the rise of the Chinese currency and its global future, Robert Minikin, Kelvin Lau, (electronic resource)

Label
The offshore Renminbi : the rise of the Chinese currency and its global future
Title
The offshore Renminbi
Title remainder
the rise of the Chinese currency and its global future
Statement of responsibility
Robert Minikin, Kelvin Lau
Creator
Contributor
Subject
Language
eng
Summary
The rise of the renminbi and what it means for forex markets Chinese authorities have ambitious plans to "internationalize" the renminbi, transforming it from a tightly controlled domestic legal tender into a global currency for international trade, held by both private and public sector asset managers. The Offshore Renminbi examines this impending currency revolution, outlining why the emergence of China as a major economic power will likely soon be matched by a transformation of the renminbi's role in the global financial system. It explains how new markets for "offshore" renminbi are developing outside mainland China since the country is not yet ready to fully open up its economy to international capital flows, and the regulations that govern them. The potential growth for the renminbi market is vast, thanks to China's role in the global trading community. The early stages of the internationalization effort were small-scale, but momentum has greatly increased over the past 18 months, making this book more relevant than ever. These developments offer new opportunities (and challenges) for corporate treasurers and investors, as China's profound economic success and growing prominence in global trade may transform offshore renminbi into a new global reserve currency and a legitimate competitor to the U.S. dollar. Explores how the "internationalization" of the renminbi is likely to yield a new global currency to rival the U.S. dollar Examines "offshore" renminbi and the host of new financial markets they have created, from a spot FX market to Dim Sum bonds in Hong Kong Covers broad themes of interest to general readers and policymakers, as well as more detailed issues of practical and direct importance to corporate treasurers and investors The Chinese government has ambitious plans to make the renminbi a global currency. The Offshore Renminbi explains the complexities of this strategy and the dramatic implications for the global FX markets
Cataloging source
AU@
http://library.link/vocab/creatorName
Minikin, Robert
Illustrations
illustrations
Index
index present
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorName
Lau, Kelvin
http://library.link/vocab/subjectName
  • Renminbi
  • Monetary policy
  • Currency question
Label
The offshore Renminbi : the rise of the Chinese currency and its global future, Robert Minikin, Kelvin Lau, (electronic resource)
Instantiates
Publication
Bibliography note
Includes bibliographical references (pages 229-230) and index
Contents
The new global role for the renminbi -- Linking the offshore and the onshore renminbi markets -- The birth and evolution of the offshore renminbi market in Hong Kong -- New markets, new jargon, new opportunities -- Geographical expansion of the offshore renminbi universe -- Drivers for internationalism -- The rise of the renminbi and its policy implications
Control code
ssj0000796608
Dimensions
unknown
Extent
1 online resource (xxii, 245 pages)
Form of item
online
Governing access note
Access restricted to subscribing institutions
Isbn
9781118339251
Isbn Type
(cloth)
Lccn
2012474366
Other physical details
illustrations
Specific material designation
remote
System control number
(WaSeSS)ssj0000796608
Label
The offshore Renminbi : the rise of the Chinese currency and its global future, Robert Minikin, Kelvin Lau, (electronic resource)
Publication
Bibliography note
Includes bibliographical references (pages 229-230) and index
Contents
The new global role for the renminbi -- Linking the offshore and the onshore renminbi markets -- The birth and evolution of the offshore renminbi market in Hong Kong -- New markets, new jargon, new opportunities -- Geographical expansion of the offshore renminbi universe -- Drivers for internationalism -- The rise of the renminbi and its policy implications
Control code
ssj0000796608
Dimensions
unknown
Extent
1 online resource (xxii, 245 pages)
Form of item
online
Governing access note
Access restricted to subscribing institutions
Isbn
9781118339251
Isbn Type
(cloth)
Lccn
2012474366
Other physical details
illustrations
Specific material designation
remote
System control number
(WaSeSS)ssj0000796608

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